ARTICLE 2. Shares [1120. - 1122.]

Article 2 added by Stats. 2011, Ch. 243, Sec. 3.

§§ 1120–1122 · 3 sections

• § 1120 A bank may, with the approval of its board, determine and from time to time redetermine the par value of any class or series of its shares unless its articles…
• § 1121 No bank or trust company after October 1, 1949, shall issue any shares before they are fully paid for.
• § 1122 No bank shall issue any shares in consideration of: (a) Services rendered in the organization of such bank; or (b) Any note (whether or not negotiable and…