GroundRules
FIN § 1134
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 may:
(a) With the prior approval of the commissioner, make a distribution to its shareholders by means of redeeming its redeemable shares; and
(b) With the prior approval of its outstanding shares and of the commissioner, otherwise make a distribution to its shareholders in connection with a reduction of its contributed capital.
Collected 2026-09-14T05:56:33Z. Source file · JSON