California Financial Code ARTICLE 3 - Distributions to Shareholders

• Section 1130.
  This article does not apply to any distribution made to the shareholders of a bank in any proceeding to wind up and dissolve or to...
• Section 1131.
  Section 500 of the Corporations Code does not apply to the making by a bank or by any majority-owned subsidiary of a bank of any...
• Section 1132.
  Neither a bank nor any majority-owned subsidiary of a bank shall make any distribution to the shareholders of such bank in an amount which exceeds...
• Section 1133.
  Notwithstanding the provisions of Section 1132, a bank or a majority-owned subsidiary of a bank may, with the prior approval of the commissioner, make a...
• Section 1134.
  Notwithstanding the provisions of Section 1132, a bank may:(a) With the prior approval of the commissioner, make a distribution to its shareholders by means of redeeming...
• Section 1135.
  If the commissioner finds that the shareholders’ equity of a bank is not adequate or that the making by a bank or by any majority-owned...

Last modified: October 22, 2018