{"data":{"id":"us-ca/fin-1122","jurisdiction":"us-ca","citation":"FIN § 1122","heading":"","body":"No bank shall issue any shares in consideration of:\n(a) Services rendered in the organization of such bank; or\n(b) Any note (whether or not negotiable and whether or not secured) made by the purchaser of such shares.","path":["Financial Code - FIN","DIVISION 1.1. BANKING [1000. - 1910.]","CHAPTER 5. Corporate Requirements [1100. - 1190.]","ARTICLE 2. Shares [1120. - 1122.]"],"source_url":"https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip","current_through":"2026-09-13","vintage":"","retrieved_at":"2026-09-14T05:56:33Z","sha256":"c6075d54fa12064256529124a2efd1350a8bf5d3f07cb5e7b3cf6ecf363dae2d","source_id":"us-ca","stale":false,"prev":"us-ca/fin-1121","next":"us-ca/fin-1130"},"notice":"GroundRules: Original legal text. Not legal advice."}