Financial Code section 14004

“Impaired capital” means that the losses or projected losses of a credit union are such that the book value of a member’s share is reduced below 100 percent of the monetary amount of that share when initially purchased plus any accumulated dividends.

Source: Section 14004, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=14004. (updated Jan. 1, 1982; accessed Jun. 9, 2025).

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Last Updated

Jan. 1, 1982

§ 14004’s source at ca.gov

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Location: https://california.public.law/codes/financial_code_section_14004

Original Source: Section 14004, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=14004. (last accessed May 12, 2025).