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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 5120.
Universal Citation:
CA Fin Code § 5120 (2025)
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5120. “Statutory net worth” or “net worth” means the sum of the following:
(a) Issued and outstanding capital stock.
(b) Issued and outstanding capital certificates.
(c) Paid-in surplus.
(d) Retained earnings.
(e) Pledged savings accounts of a mutual association with the approval of the commissioner.
(f) General reserves and other amounts as the commissioner prescribes.
(Amended by Stats. 1985, Ch. 983, Sec. 1.76. Effective September 26, 1985.)
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