California § 1047. 1047. (Added by Stats. 2011, Ch. 243, Sec. 3.)

California Statutes

§ 1047. — 1047. (Added by Stats. 2011, Ch. 243, Sec. 3.)

California § 1047.

Code FINFinancial Code - FIN

Div. 1.1.DIVISION 1.1. BANKING

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

This text of California § 1047. (1047. (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 § 1047. (2026).

Text

It is unlawful to apply any part of the funds collected from subscribers or shareholders to the payment of commissions or fees for obtaining subscriptions or selling shares or, except with the prior approval of the commissioner, to the payment of preopening noncapital expenditures.

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Legislative History

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

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Bluebook (online)

California § 1047., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/1047..