California § 1044 - No corporation organized to transact a commercial banking or trust business shall
Full text of California Public Contract Code - PCC § 1044 — No corporation organized to transact a commercial banking or trust business shall, with citation guidance and answers to common questions.
§ 1044. No corporation organized to transact a commercial banking or trust business shall
No corporation organized to transact a commercial banking or trust business shall transact any business until the commissioner has issued his or her certificate authorizing it to transact such business. No bank or trust company shall incur any indebtedness except that which is incidental to its organization until the amount of its contributed capital has been fully paid in lawful money to the cashier or chief financial officer thereof.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 1044
What does Public Contract Code - PCC § 1044 cover?
Section 1044 ("No corporation organized to transact a commercial banking or trust business shall") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 1044?
A common citation format is "Public Contract Code - PCC § 1044" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 1044 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.