Financial Code 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 distribution to the shareholders of such bank in an amount not exceeding the greatest of:

(a)

The retained earnings of the bank;

(b)

The net income of the bank for its last fiscal year; or

(c)

The net income of the bank for its current fiscal year.

Source: Section 1133, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=FIN§ionNum=1133.­ (updated Jan. 1, 2012; accessed Jun. 25, 2025).

Green check means up to date. Up to date

Verified:
Jun. 25, 2025

§ 1133's source at ca​.gov