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California Financial Code

§ 4824

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

Statute text

View on leginfo.ca.gov
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.

Source: California Financial Code § 4824 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.