§ 1040
51 words·~1 min read·
/ca/financial-code/1040A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.