California Statutes
§ 5864. — 5864. (Added by Stats. 1988, Ch. 718, Sec. 10.)
California·Code FIN Financial Code - FIN·Div. 2. DIVISION 2. SAVINGS ASSOCIATION LAW·Ch. 2. CHAPTER 2. Corporate Organization and Corporate Changes·Art. 10. ARTICLE 10. Mutual Holding Companies
In connection with reorganization pursuant to the provisions of this article, a mutual association may, subject to the approval of the commissioner, retain capital assets at the holding company level to the extent that the capital exceeds adequate reserves as prescribed by state or federal law.
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California § 5864. (5864. (Added by Stats. 1988, Ch. 718, Sec. 10.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1988, Ch. 718, Sec. 10.