Public-domain · open source
OpenJurist

Cal. Fin. Code § 1040

Authorization to Engage in Banking

Added by Stats. 2011, Ch. 243, Sec. 3

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.

Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.