1040
Effective Jan 1, 2012Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.
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.