There is a newer version of the California Code
2011 California Code
Financial Code
DIVISION 1.1. BANKING [1000 - 1910]
CHAPTER 6. Securities
Section 1201
CA Fin Code § 1201 (through 2012 Leg Sess) What's This?
No bank organized under the laws of this state shall offer or sell any security issued by it unless the commissioner has issued a permit authorizing such sale.
(Added by Stats. 2011, Ch. 243, Sec. 3. Effective January 1, 2012.)
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