California Laws: Financial Code Sections 620-622

California Laws > Financial Code

• California Laws: Financial Code Section 620
  A bank may, with the approval of its board, determine and from time to time redetermine the par value of any class or series of...
• California Laws: Financial Code Section 621
  No bank or trust company after October 1, 1949, shall issue any shares before they are fully paid for. ...
• California Laws: Financial Code Section 622
  No bank shall issue any shares in consideration of: (a) Services rendered in the organization of such bank; or (b) Any note (whether or not...