Cal. Financial Code § 4824
Cal. Financial Code § 4824
California · California Financial Code · Status: effective · Effective 2014-01-01
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- Citation
- Cal. Financial Code § 4824, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/813612
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Full text
In determining for purposes of this division whether the shareholders’ equity of a California state depository corporation will be adequate:
(a) In case the corporation is, or is to convert into, a California state bank, the commissioner shall consider the factors specified in Section 1150.
(b) In case the corporation is, or is to convert into, a California state savings association or a California industrial loan company, the commissioner shall consider factors equivalent to those specified in Section 1150.