Statute · California Financial Code
Cal. Fin. Code § 1040 — Authorization to Engage in Banking
Cal. Fin. Code § 1040
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Date
- 2012-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
In this article:
Citator
Cal. Fin. Code § 1040 — Authorization to Engage in Banking is in force in the current edition of the Code, and nothing recorded condemns it.
In this article:
(a) “Preopening expenditure” means any obligation incurred, or sum disbursed, by a bank prior to the time when it commences to transact banking business, for the purpose of organizing such bank.
(b) “Preopening noncapital expenditure” means any preopening expenditure other than such preopening expenditures as may be capitalized.