Statute · California Financial Code
Cal. Fin. Code § 1043 — Authorization to Engage in Banking
Cal. Fin. Code § 1043
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Date
- 2012-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
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.
Citator
Cal. Fin. Code § 1043 — Authorization to Engage in Banking is in force in the current edition of the Code, and nothing recorded condemns it.
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.