California § 1044. 1044. (Added by Stats. 2011, Ch. 243, Sec. 3.)

California Statutes

§ 1044. — 1044. (Added by Stats. 2011, Ch. 243, Sec. 3.)

California § 1044.

Code FINFinancial Code - FIN

Div. 1.1.DIVISION 1.1. BANKING

Ch. 3.CHAPTER 3. Authorization to Engage in Banking

This text of California § 1044. (1044. (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 § 1044. (2026).

Text

No corporation organized to transact a commercial banking or trust business shall transact any business until the commissioner has issued his or her certificate authorizing it to transact such business. No bank or trust company shall incur any indebtedness except that which is incidental to its organization until the amount of its contributed capital has been fully paid in lawful money to the cashier or chief financial officer thereof.

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No corporation organized to transact a commercial banking or trust business shall transact any business until the commissioner has issued his or her certificate authorizing it to transact such business. No bank or trust company shall incur any indebtedness except that which is incidental to its organization until the amount of its contributed capital has been fully paid in lawful money to the cashier or chief financial officer thereof.

Legislative History

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

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California § 1044., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/1044..