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2025 California Code
Financial Code - FIN
DIVISION 2 - SAVINGS ASSOCIATION LAW
CHAPTER 2 - Corporate Organization and Corporate Changes
ARTICLE 10 - Mutual Holding Companies
Section 5864.
Universal Citation:
CA Fin Code § 5864 (2025)
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5864. In connection with reorganization pursuant to the provisions of this article, a mutual association may, subject to the approval of the commissioner, retain capital assets at the holding company level to the extent that the capital exceeds adequate reserves as prescribed by state or federal law.
(Added by Stats. 1988, Ch. 718, Sec. 10.)
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