California Financial Code 1008 – When applicable to a corporation organized as a public bank, as …
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When applicable to a corporation organized as a public bank, as defined in § 57600 of the Government Code, references in this division to share, shareholder, or stockholder shall mean membership or member in the public bank, as applicable.
(Added by Stats. 2019, Ch. 442, Sec. 6. (AB 857) Effective January 1, 2020.)
Terms Used In California Financial Code 1008
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.