Cal. Fin. Code § 4824

Current through the 2023 Legislative Session.

Section 4824 - Determining whether shareholders' equity adequate

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.

Ca. Fin. Code § 4824

Amended by Stats 2013 ch 334 (SB 537),s 53, eff. 1/1/2014.