California Statutes
§ 1134. — 1134. (Added by Stats. 2011, Ch. 243, Sec. 3.)
California § 1134.
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 § 1134. (1134. (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 § 1134. (2026).
Text
Notwithstanding the provisions of Section 1132, a bank may:
(a)With the prior approval of the commissioner, make a distribution to its shareholders by means of redeeming its redeemable shares; and
(b)With the prior approval of its outstanding shares and of the commissioner, otherwise make a distribution to its shareholders in connection with a reduction of
its contributed capital.
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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 § 1134., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/1134..