CA Fin Code Section 5120


“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.
Last Updated

Aug. 19, 2023

§ 5120’s source at ca​.gov