California § 18018.2. 18018.2. (Added by Stats. 1989, Ch. 663, Sec. 1.2.)

California Statutes

§ 18018.2. — 18018.2. (Added by Stats. 1989, Ch. 663, Sec. 1.2.)

California § 18018.2.

JurisdictionCalifornia

Code FINFinancial Code - FIN

Div. 7.DIVISION 7. INDUSTRIAL LOAN COMPANIES

Ch. 1.CHAPTER 1. General Provisions

Art. 1.ARTICLE 1. Definitions

This text of California § 18018.2. (18018.2. (Added by Stats. 1989, Ch. 663, Sec. 1.2.)) 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 § 18018.2. (2026).

Text

“Secondary capital,” as used in this division, means the sum of mandatory convertible debt that is not included in primary capital, limited life preferred stock, and subordinated notes and debentures, all in an amount up to 50 percent of primary capital. Issues of limited life preferred stock and subordinated notes and debentures, except mandatory convertible debt, shall have original weighted average maturities of at least seven years to be included within capital surplus under primary capital.

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“Secondary capital,” as used in this division, means the sum of mandatory convertible debt that is not included in primary capital, limited life preferred stock, and subordinated notes and debentures, all in an amount up to 50 percent of primary capital. Issues of limited life preferred stock and subordinated notes and debentures, except mandatory convertible debt, shall have original weighted average maturities of at least seven years to be included within capital surplus under primary capital.