yourstate.us
Home / California / Financial Code
Cal. Financial Code § 1122

Cal. Financial Code § 1122

California · California Financial Code · Status: effective · Effective 2012-01-01

Get this as JSONEmbed this
Cite this
Citation
Cal. Financial Code § 1122, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/812993
Permanent ID
ys:prov:812993@1
SHA-256
34aaccd4b48e4ae9ea3851bdd154f643875d4f4b4dbcb28ad2713b9f64d741c8

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full 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.