FIN § 1135
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.]
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