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2017 California Code
Financial Code - FIN
DIVISION 2 - SAVINGS ASSOCIATION LAW
CHAPTER 7 - Supervision
ARTICLE 1 - Department of Savings and Loan
Section 8010.
Universal Citation: CA Fin Code § 8010 (2017)
8010.
The commissioner, after a determination of value made in accordance with Article 4 (commencing with Section 8150) of Chapter 7, may order that assets, individually or in the aggregate, to the extent that the assets are overvalued on an association’s books, be charged off against current operations, or that a special reserve or reserves equal to the overvaluation be set up by transfers from retained earnings or reserves.
(Amended by Stats. 1989, Ch. 868, Sec. 10. Effective September 26, 1989.)
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