Skip to content
ChatProjectCodes

Earlier editions: 2020-112018-11

DIVISION 1.6. DEPOSITORY CORPORATIONS—SALE, MERGER, AND CONVERSION 4800-4966›CHAPTER 1. General Provisions 4800-4828.7›ARTICLE 3. Other General Provisions 4820-4828.7

§ 4824

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

In determining for purposes of this division whether the shareholders’ equity of a California state depository corporation will be adequate:

(a) In case the corporation is, or is to convert into, a California state bank, the commissioner shall consider the factors specified in Section 1150.

(b) In case the corporation is, or is to convert into, a California state savings association or a California industrial loan company, the commissioner shall consider factors equivalent to those specified in Section 1150.

(Amended by Stats. 2013, Ch. 334, Sec. 53. (SB 537) Effective January 1, 2014.)

Get a plain-English answer with a citation back to this text.

Ask AI about this code
Export this section
▸Contents — California Financial Code
California Financial Code

GoCodebook provides public access, search, citation, multilingual explanation, and practical interpretation of legally adopted building regulations. It is not a substitute for the official ICC or California code publications.