Statute · California Financial Code
Cal. Fin. Code § 5864 — Mutual Holding Companies
Cal. Fin. Code § 5864
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
In connection with reorganization pursuant to the provisions of this article, a mutual association may, subject to the approval of the commissioner, retain capital assets at the holding company level to the extent that the capital exceeds adequate reserves as prescribed by state or federal law.
Citator
Cal. Fin. Code § 5864 — Mutual Holding Companies is in force in the current edition of the Code, and nothing recorded condemns it.
In connection with reorganization pursuant to the provisions of this article, a mutual association may, subject to the approval of the commissioner, retain capital assets at the holding company level to the extent that the capital exceeds adequate reserves as prescribed by state or federal law.