California Statutes
§ 14004. — 14004. (Added by Stats. 1982, Ch. 716, Sec. 1.)
California·Code FIN Financial Code - FIN·Div. 5. DIVISION 5. CREDIT UNIONS·Ch. 1. CHAPTER 1. General Provisions·Art. 1. ARTICLE 1. Definitions
“Impaired capital” means that the losses or projected losses of a credit union are such that the book value of a member’s share is reduced below 100 percent of the monetary amount of that share when initially purchased plus any accumulated dividends.
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California § 14004. (14004. (Added by Stats. 1982, Ch. 716, Sec. 1.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1982, Ch. 716, Sec. 1.