“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.)
Last modified: October 25, 2018