Statute · California Financial Code
Cal. Fin. Code § 14004 — Definitions
Cal. Fin. Code § 14004
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
“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.
Citator
Cal. Fin. Code § 14004 — Definitions is in force in the current edition of the Code, and nothing recorded condemns it.
“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.