Ca_Law

statute | California

Financial Code - FIN - FIN § 1122

  • UIDca_leginfo_codes:fin-1122
  • CitationFinancial Code - FIN - FIN § 1122
  • Court / bodyCalifornia Legislative Counsel
  • Decision dateN/A
  • CollectionPUBINFO_2025
  • SourceOriginal

Summary

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 not secured) made by the purchaser of such shares.

Text

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 not secured) made by the purchaser of such shares.

Retrieval chunks

  • #1 | Financial Code - FIN - FIN § 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 not secured) made by the purchaser of such shares.