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2016 California Code
Financial Code - FIN
DIVISION 1.6 - DEPOSITORY CORPORATIONS—SALE, MERGER, AND CONVERSION
CHAPTER 1 - General Provisions
ARTICLE 3 - Other General Provisions
Section 4824.

CA Fin Code § 4824 (2016) What's This?

4824. 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. Effective January 1, 2014.)

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