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DIVISION 5. CREDIT UNIONS 14000-16906›CHAPTER 1. General Provisions 14000-14052›ARTICLE 1. Definitions 14000-14007

§ 14004

California Financial Code · 2020-11 edition · updated 2026-10-04 · California

“Impaired capital” means that the losses or projected losses of a credit union are such that the book value of a member’s share is reduced below 100 percent of the monetary amount of that share when initially purchased plus any accumulated dividends.

(Added by Stats. 1982, Ch. 716, Sec. 1.)

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California Financial Code

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