California Statutes
§ 1133. — 1133. (Added by Stats. 2011, Ch. 243, Sec. 3.)
California § 1133.
JurisdictionCalifornia
Code FINFinancial Code - FIN
Div. 1.1.DIVISION 1.1. BANKING
Ch. 5.CHAPTER 5. Corporate Requirements
Art. 3.ARTICLE 3. Distributions to Shareholders
This text of California § 1133. (1133. (Added by Stats. 2011, Ch. 243, Sec. 3.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Cal. Financial Code - FIN Code § 1133. (2026).
Text
Notwithstanding the provisions of Section 1132, a bank or a majority-owned subsidiary of a bank may, with the prior approval of the commissioner, make a distribution to the shareholders of such bank in an amount not exceeding the greatest of:
(a)The retained earnings of the bank;
(b)The net income of the bank for its last fiscal year; or
(c)The net income of the bank for its current fiscal year.
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Legislative History
Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.
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Bluebook (online)
California § 1133., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/1133..