California Financial Code

§ 5864

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

FIN § 5864Div. 2 · Ch. 2 · Art. 10

Statute text

View on leginfo.ca.gov

In connection with reorganization pursuant to the provisions of this article, a mutual association may, subject to the approval of the commissioner, retain capital assets at the holding company level to the extent that the capital exceeds adequate reserves as prescribed by state or federal law.

Legislative history

Added by Stats. 1988, Ch. 718, Sec. 10.