Statute · California Financial Code
Cal. Fin. Code § 5120 — General Definitions
Cal. Fin. Code § 5120
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Date
- 1985-09-26
- Current through
- Nov 2, 2026 (California Legislative Counsel)
“Statutory net worth” or “net worth” means the sum of the following:
Citator
Cal. Fin. Code § 5120 — General Definitions is in force in the current edition of the Code, and nothing recorded condemns it.
“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.