Financial Code section 1043

It shall be unlawful to accept payment of subscriptions for shares of any corporation proposing to engage in the banking or trust business unless authority to organize such corporation has been granted by the commissioner.

Source: Section 1043, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=1043. (updated Jan. 1, 2012; accessed Jun. 9, 2025).

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Last Updated

Jan. 1, 2012

§ 1043’s source at ca.gov

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Location: https://california.public.law/codes/financial_code_section_1043

Original Source: Section 1043, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=1043. (last accessed May 12, 2025).