There is a newer version of the California Code
2011 California Code
Financial Code
DIVISION 1.1. BANKING [1000 - 1910]
ARTICLE 2. Shares
Section 1121
CA Fin Code § 1121 (through 2012 Leg Sess) What's This?
No bank or trust company after October 1, 1949, shall issue any shares before they are fully paid for.
(Added by Stats. 2011, Ch. 243, Sec. 3. Effective January 1, 2012.)
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