Statute · California Financial Code
Cal. Fin. Code § 8010 — Department of Savings and Loan
Cal. Fin. Code § 8010
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Date
- 1989-09-26
- Current through
- Nov 2, 2026 (California Legislative Counsel)
The commissioner, after a determination of value made in accordance with Article 4 (commencing with Section 8150) of Chapter 7, may order that assets, individually or in the aggregate, to the extent that the assets are overvalued on an association’s books, be charged off against current…
Citator
Cal. Fin. Code § 8010 — Department of Savings and Loan is in force in the current edition of the Code, and nothing recorded condemns it.
The commissioner, after a determination of value made in accordance with Article 4 (commencing with Section 8150) of Chapter 7, may order that assets, individually or in the aggregate, to the extent that the assets are overvalued on an association’s books, be charged off against current operations, or that a special reserve or reserves equal to the overvaluation be set up by transfers from retained earnings or reserves.