There is a newer version of the California Code
2011 California Code
Financial Code
DIVISION 1.1. BANKING [1000 - 1910]
CHAPTER 3. Authorization to Engage in Banking
Section 1040
CA Fin Code § 1040 (through 2012 Leg Sess) What's This?
In this article:
(a) Preopening expenditure means any obligation incurred, or sum disbursed, by a bank prior to the time when it commences to transact banking business, for the purpose of organizing such bank.
(b) Preopening noncapital expenditure means any preopening expenditure other than such preopening expenditures as may be capitalized.
(Added by Stats. 2011, Ch. 243, Sec. 3. Effective January 1, 2012.)
Disclaimer: These codes may not be the most recent version. California may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
