GroundRules
FIN § 1152
Where this section sits in the code
- Financial Code - FIN
- DIVISION 1.1. BANKING [1000. - 1910.]
- CHAPTER 5. Corporate Requirements [1100. - 1190.]
- ARTICLE 4. Shareholders’ Equity [1150. - 1152.]
A bank which has deficit retained earnings may, with the prior approval of its outstanding shares and of the commissioner, readjust its accounts in a quasi-reorganization. Such readjustment may include, without limitation, eliminating such deficit retained earnings.
Collected 2026-09-14T05:56:33Z. Source file · JSON