{"data":{"id":"us-ca/fin-1132","jurisdiction":"us-ca","citation":"FIN § 1132","heading":"","body":"Neither a bank nor any majority-owned subsidiary of a bank shall make any distribution to the shareholders of such bank in an amount which exceeds the lesser of:\n(a) The retained earnings of the bank; or\n(b) The net income of the bank for its last three fiscal years, less the amount of any distributions made by the bank or by any majority-owned subsidiary of the bank to the shareholders of the bank during such period.","path":["Financial Code - FIN","DIVISION 1.1. BANKING [1000. - 1910.]","CHAPTER 5. Corporate Requirements [1100. - 1190.]","ARTICLE 3. Distributions to Shareholders [1130. - 1135.]"],"source_url":"https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip","current_through":"2026-09-13","vintage":"","retrieved_at":"2026-09-14T05:56:33Z","sha256":"4a7972e866aa966af392ec88716e1914537027aef1bdf0226d3df52614aa4e01","source_id":"us-ca","stale":false,"prev":"us-ca/fin-1131","next":"us-ca/fin-1133"},"notice":"GroundRules: Original legal text. Not legal advice."}