California Statutes
§ 5108. — 5108. (Added by Stats. 1983, Ch. 1091, Sec. 2.)
California § 5108.
JurisdictionCalifornia
Code FINFinancial Code - FIN
Div. 2.DIVISION 2. SAVINGS ASSOCIATION LAW
Ch. 1.CHAPTER 1. Short Title, General Definitions, and General Provisions
Art. 2.ARTICLE 2. General Definitions
This text of California § 5108. (5108. (Added by Stats. 1983, Ch. 1091, Sec. 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 § 5108. (2026).
Text
“Impaired condition” means a condition in which the assets of an association in the aggregate do not have a value, as determined in accordance with generally accepted accounting principles, equal to or greater than the aggregate amount of liabilities of the association to its creditors, including the holders of its savings accounts and all other persons who are creditors.
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Legislative History
Added by Stats. 1983, Ch. 1091, Sec. 2.
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Bluebook (online)
California § 5108., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/5108..