{"data":{"id":"us-ca/fin-1134","jurisdiction":"us-ca","citation":"FIN § 1134","heading":"","body":"Notwithstanding the provisions of Section 1132, a bank may:\n(a) With the prior approval of the commissioner, make a distribution to its shareholders by means of redeeming its redeemable shares; and\n(b) With the prior approval of its outstanding shares and of the commissioner, otherwise make a distribution to its shareholders in connection with a reduction of its contributed capital.","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":"b69321efc25c5322d4beb9f98dd76604b403659b008ac1f04cd00ee8558c2de0","source_id":"us-ca","stale":false,"prev":"us-ca/fin-1133","next":"us-ca/fin-1135"},"notice":"GroundRules: Original legal text. Not legal advice."}