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.­ (updated Sep. 26, 1985; accessed Jun. 16, 2025).

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Verified:
Jun. 16, 2025

§ 5120's source at ca​.gov