{"data":{"id":"us-ca/fin-1152","jurisdiction":"us-ca","citation":"FIN § 1152","heading":"","body":"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.","path":["Financial Code - FIN","DIVISION 1.1. BANKING [1000. - 1910.]","CHAPTER 5. Corporate Requirements [1100. - 1190.]","ARTICLE 4. Shareholders’ Equity [1150. - 1152.]"],"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":"c58004042fc873ac034a47eaeb1823c5c886b82a8dec0b5dcc282424ea4aaa01","source_id":"us-ca","stale":false,"prev":"us-ca/fin-1151","next":"us-ca/fin-1170"},"notice":"GroundRules: Original legal text. Not legal advice."}