Statute · California Financial Code
Cal. Fin. Code § 18018.1 — Definitions
Cal. Fin. Code § 18018.1
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
“Primary capital,” as used in this division, means the sum of common stock, perpetual preferred stock, capital surplus, undivided profits, capital reserves, and mandatory convertible debt (to the extent of 20 percent of primary capital exclusive of that debt).
Citator
Cal. Fin. Code § 18018.1 — Definitions is in force in the current edition of the Code, and nothing recorded condemns it.
“Primary capital,” as used in this division, means the sum of common stock, perpetual preferred stock, capital surplus, undivided profits, capital reserves, and mandatory convertible debt (to the extent of 20 percent of primary capital exclusive of that debt).