California Statutes
§ 1135. — 1135. (Added by Stats. 2011, Ch. 243, Sec. 3.)
California § 1135.
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 § 1135. (1135. (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 § 1135. (2026).
Text
If the commissioner finds that the shareholders’ equity of a bank is not adequate or that the making by a bank or by any majority-owned subsidiary of a bank of a distribution to the shareholders of the bank would be unsafe or unsound for the bank, the commissioner may order the bank and its majority-owned subsidiaries not to make any distribution to the shareholders of the bank. In addition to the order authorized by this section, the commissioner may levy a civil penalty against the
bank pursuant to Section 329.
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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 § 1135., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/1135..