Statute · California Financial Code
Cal. Fin. Code § 1120 — Shares
Cal. Fin. Code § 1120
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Date
- 2012-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
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 provide that such shares shall have par value and specify the par value of such shares.
Citator
Cal. Fin. Code § 1120 — Shares is in force in the current edition of the Code, and nothing recorded condemns it.
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 provide that such shares shall have par value and specify the par value of such shares.