GroundRules
FIN § 1133
Where this section sits in the code
- Financial Code - FIN
- DIVISION 1.1. BANKING [1000. - 1910.]
- CHAPTER 5. Corporate Requirements [1100. - 1190.]
- ARTICLE 3. Distributions to Shareholders [1130. - 1135.]
Notwithstanding the provisions of Section 1132, a bank or a majority-owned subsidiary of a bank may, with the prior approval of the commissioner, make a distribution to the shareholders of such bank in an amount not exceeding the greatest of:
(a) The retained earnings of the bank;
(b) The net income of the bank for its last fiscal year; or
(c) The net income of the bank for its current fiscal year.
Collected 2026-09-14T05:56:33Z. Source file · JSON