California Financial Code ARTICLE 7 - Statutory Net Worth; Reserve Accounts

• Section 6475.
  (a) Each association shall maintain an adequate statutory net worth appropriate for the conduct of its business and the protection of its savings account holders.(b) The commissioner...
• Section 6476.
  Each association shall set up and maintain the reserves required by, and may set up and maintain any additional reserves that are permitted by, this...
• Section 6477.
  Any association which, for the purpose of evading provisions of this division or any order of the commissioner, knowingly participates, directly or indirectly, in an...

Last modified: October 22, 2018