Statute · California Financial Code
Cal. Fin. Code § 6476 — Statutory Net Worth; Reserve Accounts
Cal. Fin. Code § 6476
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
Each association shall set up and maintain the reserves required by, and may set up and maintain any additional reserves that are permitted by, this division.
Citator
Cal. Fin. Code § 6476 — Statutory Net Worth; Reserve Accounts is in force in the current edition of the Code, and nothing recorded condemns it.
Each association shall set up and maintain the reserves required by, and may set up and maintain any additional reserves that are permitted by, this division.
The board of directors may make additional transfers to surplus or other reserve accounts.