California Financial Code

§ 14004

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

FIN § 14004Div. 5 · Ch. 1 · Art. 1

Statute text

View on leginfo.ca.gov

“Impaired capital” means that the losses or projected losses of a credit union are such that the book value of a member’s share is reduced below 100 percent of the monetary amount of that share when initially purchased plus any accumulated dividends.

Legislative history

Added by Stats. 1982, Ch. 716, Sec. 1.