Cal. Financial Code § 18018.2
Cal. Financial Code § 18018.2
California · California Financial Code · Status: effective
Cite this
- Citation
- Cal. Financial Code § 18018.2, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/815006
- Permanent ID
ys:prov:815006@1- SHA-256
0f822d6d5c928b17d4f410356b2ead4fc07b40d46aaab8b002c2cbc721606cb8
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
“Secondary capital,” as used in this division, means the sum of mandatory convertible debt that is not included in primary capital, limited life preferred stock, and subordinated notes and debentures, all in an amount up to 50 percent of primary capital. Issues of limited life preferred stock and subordinated notes and debentures, except mandatory convertible debt, shall have original weighted average maturities of at least seven years to be included within capital surplus under primary capital.