Financial Code section 4824

In determining for purposes of this division whether the shareholders’ equity of a California state depository corporation will be adequate:

(a)

In case the corporation is, or is to convert into, a California state bank, the commissioner shall consider the factors specified in Section 1150.

(b)

In case the corporation is, or is to convert into, a California state savings association or a California industrial loan company, the commissioner shall consider factors equivalent to those specified in Section 1150.

Source: Section 4824, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=FIN§ionNum=4824.­ (updated Jan. 1, 2014; accessed Jun. 9, 2025).

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Verified:
Jun. 9, 2025

§ 4824’s source at ca​.gov