Home/California/Statutes/Code FIN: Financial Code - FIN/Div. 1.1.: DIVISION 1.1. BANKING/Ch. 5.: CHAPTER 5. Corporate Requirements/Art. 4.: ARTICLE 4. Shareholders’ Equity/§ 1152.
California Statutes

§ 1152. — 1152. (Added by Stats. 2011, Ch. 243, Sec. 3.)

California § 1152.
JurisdictionCalifornia
Code FINFinancial Code - FIN
Div. 1.1.DIVISION 1.1. BANKING
Ch. 5.CHAPTER 5. Corporate Requirements
Art. 4.ARTICLE 4. Shareholders’ Equity

This text of California § 1152. (1152. (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 § 1152. (2026).

Text

A bank which has deficit retained earnings may, with the prior approval of its outstanding shares and of the commissioner, readjust its accounts in a quasi-reorganization. Such readjustment may include, without limitation, eliminating such deficit retained earnings.

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Legislative History

Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.
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California § 1152., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/1152..