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California · Through 2026-09-13

FIN § 1135

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Where this section sits in the code
  1. Financial Code - FIN
  2. DIVISION 1.1. BANKING [1000. - 1910.]
  3. CHAPTER 5. Corporate Requirements [1100. - 1190.]
  4. ARTICLE 3. Distributions to Shareholders [1130. - 1135.]

If the commissioner finds that the shareholders’ equity of a bank is not adequate or that the making by a bank or by any majority-owned subsidiary of a bank of a distribution to the shareholders of the bank would be unsafe or unsound for the bank, the commissioner may order the bank and its majority-owned subsidiaries not to make any distribution to the shareholders of the bank. In addition to the order authorized by this section, the commissioner may levy a civil penalty against the bank pursuant to Section 329.

Collected 2026-09-14T05:56:33Z. Source file · JSON

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