GroundRules
FIN § 5120
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.]
“Statutory net worth” or “net worth” means the sum of the following:
(a) Issued and outstanding capital stock.
(b) Issued and outstanding capital certificates.
(c) Paid-in surplus.
(d) Retained earnings.
(e) Pledged savings accounts of a mutual association with the approval of the commissioner.
(f) General reserves and other amounts as the commissioner prescribes.
Collected 2026-09-14T05:56:33Z. Source file · JSON