Financial Code section 1121

No bank or trust company after October 1, 1949, shall issue any shares before they are fully paid for.

Source: Section 1121, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=1121. (accessed Apr. 24, 2025).

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Last Updated

Apr. 24, 2025

§ 1121’s source at ca.gov

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Location: https://california.public.law/codes/financial_code_section_1121

Original Source: Section 1121, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=1121. (last accessed Apr. 24, 2025).