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California Code, Financial Code - FIN § 5120

Current as of January 01, 2025 | Updated by Findlaw Staff

“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.

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Cite this article: FindLaw.com - California Code, Financial Code - FIN § 5120 - last updated January 01, 2025 | https://codes.findlaw.com/ca/financial-code/fin-sect-5120/

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