{"code":"FIN","codeName":"Financial Code","section":"1043","citation":"Fin. Code, § 1043","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>It shall be unlawful to accept payment of subscriptions for shares of any corporation proposing to engage in the banking or trust business unless authority to organize such corporation has been granted by the commissioner.</p>","text":"It shall be unlawful to accept payment of subscriptions for shares of any corporation proposing to engage in the banking or trust business unless authority to organize such corporation has been granted by the commissioner.","otherVersions":[],"url":"https://blackletter.si/financial-code/authorization-to-engage-in-banking-1043","source":"California Legislative Information bulk export (pubinfo)"}