California Legal Codes and Statutes

§ 1121

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

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

Cite this section

Cal. Fin. Code § 1121 (2026)
https://ca.codecond.com/codes/fin/division-1-1-banking/chapter-5-corporate-requirements/article-2-shares/section-1121

Other sections in Article 2 - Shares

§ 1120§ 1121§ 1122

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