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2025 California Code
Financial Code - FIN
DIVISION 2 - SAVINGS ASSOCIATION LAW
CHAPTER 1 - Short Title, General Definitions, and General Provisions
ARTICLE 2 - General Definitions
Section 5108.
Universal Citation:
CA Fin Code § 5108 (2025)
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5108. “Impaired condition” means a condition in which the assets of an association in the aggregate do not have a value, as determined in accordance with generally accepted accounting principles, equal to or greater than the aggregate amount of liabilities of the association to its creditors, including the holders of its savings accounts and all other persons who are creditors.
(Added by Stats. 1983, Ch. 1091, Sec. 2.)
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