Cal. Code Regs. tit. 10, § 10.3350
This Part contains regulations relating to the pre-incorporation period in the establishment of a subject institution. This Subpart contains general provisions relating to pre-incorporation period in the establishment of a subject institution. Subpart 2 (commencing with Section 10.3375) of this Part contains regulations relating to the offer and sale, before a subject institution is incorporated, of securities to be issued by such subject institution and of rights or options to subscribe for or purchase such securities. Subpart 3 (commencing with Section 10.3400) of this Part contains regulations relating to the solicitation and acceptance, before a subject institution is incorporated, of pre-opening funds for such proposed subject institution. Subpart 4 (commencing with Section 10.3425) of this Part contains regulations relating to other matters in the pre-incorporation period in the establishment of a subject institution.