California Statutes
§ 18018.1. — 18018.1. (Added by Stats. 1989, Ch. 663, Sec. 1.1.)
California·Code FIN Financial Code - FIN·Div. 7. DIVISION 7. INDUSTRIAL LOAN COMPANIES·Ch. 1. CHAPTER 1. General Provisions·Art. 1. ARTICLE 1. Definitions
“Primary capital,” as used in this division, means the sum of common stock, perpetual preferred stock, capital surplus, undivided profits, capital reserves, and mandatory convertible debt (to the extent of 20 percent of primary capital exclusive of that debt).
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California § 18018.1. (18018.1. (Added by Stats. 1989, Ch. 663, Sec. 1.1.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1989, Ch. 663, Sec. 1.1. Operative January 1, 1991, by Sec. 20 of Ch. 663.