Financial Code 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 distribution to the shareholders of such bank.

Source: Section 1131, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=1131. (accessed May 19, 2025).

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Last Updated

May 12, 2025

§ 1131’s source at ca.gov

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Location: https://california.public.law/codes/financial_code_section_1131

Original Source: Section 1131, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=1131. (last accessed May 12, 2025).