BlackletterCalifornia law

Financial Code § 1043

CHAPTER 3. Authorization to Engage in Banking

Current as of September 28, 2026Fin. Code, § 1043Official source ↗

Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.

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.