GroundRules
FIN § 5108
Where this section sits in the code
- Financial Code - FIN
- DIVISION 2. SAVINGS ASSOCIATION LAW [5000. - 10009.]
- CHAPTER 1. Short Title, General Definitions, and General Provisions [5000. - 5330.]
- ARTICLE 2. General Definitions [5100. - 5124.]
“Impaired condition” means a condition in which the assets of an association in the aggregate do not have a value, as determined in accordance with generally accepted accounting principles, equal to or greater than the aggregate amount of liabilities of the association to its creditors, including the holders of its savings accounts and all other persons who are creditors.
Collected 2026-09-14T05:56:33Z. Source file · JSON