Financial 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.

Source: Section 5120, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=5120. (accessed May 26, 2025).

Last Updated

May 12, 2025

§ 5120’s source at ca.gov

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Location: https://california.public.law/codes/financial_code_section_5120

Original Source: Section 5120, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=5120. (last accessed May 12, 2025).