{"code":"FIN","codeName":"Financial Code","section":"1040","citation":"Fin. Code, § 1040","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 1.1. BANKING [1000. - 1910.]","url":"https://blackletter.si/financial-code/division-1.1"},{"name":"CHAPTER 3. Authorization to Engage in Banking [1040. - 1048.]","url":"https://blackletter.si/financial-code/division-1.1/chapter-3"}],"history":"Added by Stats. 2011, Ch. 243, Sec. 3.   (SB 664)   Effective January 1, 2012.","effective":"2012-01-01","html":"<p>In this article:</p><p>(a) “Preopening expenditure” means any obligation incurred, or sum disbursed, by a bank prior to the time when it commences to transact banking business, for the purpose of organizing such bank.</p><p>(b) “Preopening noncapital expenditure” means any preopening expenditure other than such preopening expenditures as may be capitalized.</p>","text":"In this article: (a) “Preopening expenditure” means any obligation incurred, or sum disbursed, by a bank prior to the time when it commences to transact banking business, for the purpose of organizing such bank. (b) “Preopening noncapital expenditure” means any preopening expenditure other than such preopening expenditures as may be capitalized.","otherVersions":[],"url":"https://blackletter.si/financial-code/authorization-to-engage-in-banking-1040","source":"California Legislative Information bulk export (pubinfo)"}