Ca_Law

statute | California

Financial Code - FIN - FIN § 5120

  • UIDca_leginfo_codes:fin-5120
  • CitationFinancial Code - FIN - FIN § 5120
  • Court / bodyCalifornia Legislative Counsel
  • Decision dateN/A
  • CollectionPUBINFO_2025
  • SourceOriginal

Summary

“Statutory net worth” or “net worth” means the sum of the following: (a) Issued and outstanding capital stock. (b) Issued and outstanding capital certificates. (c) Paid-in surplus. (d) Retained earnings. (e) Pledged savings accounts of a mutual association with the approval of th

Text

“Statutory net worth” or “net worth” means the sum of the following:
(a)
Issued and outstanding capital stock.
(b)
Issued and outstanding capital certificates.
(c)
Paid-in surplus.
(d)
Retained earnings.
(e)
Pledged savings accounts of a mutual association with the approval of the commissioner.
(f)
General reserves and other amounts as the commissioner prescribes.

Retrieval chunks

  • #1 | Financial Code - FIN - FIN § 5120

    “Statutory net worth” or “net worth” means the sum of the following: (a) Issued and outstanding capital stock. (b) Issued and outstanding capital certificates. (c) Paid-in surplus. (d) Retained earnings. (e) Pledged savings accounts of a mutual association with the approval of the commissioner. (f) General…