Home/California/Statutes/Code FIN: Financial Code - FIN/Div. 1.1.: DIVISION 1.1. BANKING/Ch. 5.: CHAPTER 5. Corporate Requirements/Art. 2.: ARTICLE 2. Shares/§ 1122.
California Statutes

§ 1122. — 1122. (Added by Stats. 2011, Ch. 243, Sec. 3.)

California § 1122.
JurisdictionCalifornia
Code FINFinancial Code - FIN
Div. 1.1.DIVISION 1.1. BANKING
Ch. 5.CHAPTER 5. Corporate Requirements
Art. 2.ARTICLE 2. Shares

This text of California § 1122. (1122. (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 § 1122. (2026).

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.

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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 § 1122., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/1122..