California Financial Code

§ 4824

FIN § 4824 Effective Jan 1, 2014Div. 1.6 · Ch. 1 · Art. 3

Statute 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.

Legislative history

Amended by Stats. 2013, Ch. 334, Sec. 53. (SB 537) Effective January 1, 2014.