Fin. Code, § 1121 · Article 2. Shares

Fin. Code, § 1121

Verbatim from the official edition

Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)

No bank or trust company after October 1, 1949, shall issue any shares before they are fully paid for.

Notes and commentary — not statutory text

History

Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.

Source of truth

Edition: As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
Official file: https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN&sectionNum=1121.
Text hash: sha256 edaa68d259b447a37b1fd4ed8e2418f6c8dd4115dc86ca77fd5e02366582b437
Composed by: compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section

Cited by 1 provision

Provisions in this library whose text cites Fin. Code, § 1121. Each shows the citation as that text prints it.

Financial Code

Fin. Code, § 1863Printed as Section 1121

Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.