GroundRules
FIN § 1047
Where this section sits in the code
- Financial Code - FIN
- DIVISION 1.1. BANKING [1000. - 1910.]
- CHAPTER 3. Authorization to Engage in Banking [1040. - 1048.]
It is unlawful to apply any part of the funds collected from subscribers or shareholders to the payment of commissions or fees for obtaining subscriptions or selling shares or, except with the prior approval of the commissioner, to the payment of preopening noncapital expenditures.
Collected 2026-09-14T05:56:33Z. Source file · JSON