California Financial Code ARTICLE 2 - Shares

• Section 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...
• Section 1121.
  No bank or trust company after October 1, 1949, shall issue any shares before they are fully paid for.(Added by Stats. 2011, Ch. 243, Sec....
• Section 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 whether or...

Last modified: October 22, 2018