"Distribution to its shareholders" has the meaning set forth
in Section 166 of the Corporations Code.  However, in Division 1
(commencing with Section 100), Title 1 of the Corporations Code and
in this division, "distribution to its shareholders" does not include
any purchase of shares by a bank or by a majority-owned subsidiary
of a bank which is necessary to reduce or avoid loss to such bank or
to such subsidiary on an extension of credit previously made in good
faith.  Also, in this division, "distribution to its shareholders"
includes any distribution made by a bank or by a majority-owned
subsidiary of a bank to the shareholders of any corporation of which
such bank is a majority-owned subsidiary.

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Last modified: July 31, 2008