Home/California/Statutes/Code FIN: Financial Code - FIN/Div. 1.1.: DIVISION 1.1. BANKING/Ch. 3.: CHAPTER 3. Authorization to Engage in Banking/§ 1040.
California Statutes

§ 1040. — 1040. (Added by Stats. 2011, Ch. 243, Sec. 3.)

California § 1040.
JurisdictionCalifornia
Code FINFinancial Code - FIN
Div. 1.1.DIVISION 1.1. BANKING
Ch. 3.CHAPTER 3. Authorization to Engage in Banking

This text of California § 1040. (1040. (Added by Stats. 2011, Ch. 243, Sec. 3.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Cal. Financial Code - FIN Code § 1040. (2026).

Text

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.

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Legislative History

Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.
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California § 1040., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/1040..