California Statutes
§ 8010. — 8010. (Amended by Stats. 1989, Ch. 868, Sec. 10.)
California·Code FIN Financial Code - FIN·Div. 2. DIVISION 2. SAVINGS ASSOCIATION LAW·Ch. 7. CHAPTER 7. Supervision·Art. 1. ARTICLE 1. Department of Savings and Loan
The commissioner, after a determination of value made in accordance with Article 4 (commencing with Section 8150) of Chapter 7, may order that assets, individually or in the aggregate, to the extent that the assets are overvalued on an association’s books, be charged off against current operations, or that a special reserve or reserves equal to the overvaluation be set up by transfers from retained earnings or reserves.
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California § 8010. (8010. (Amended by Stats. 1989, Ch. 868, Sec. 10.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 1989, Ch. 868, Sec. 10. Effective September 26, 1989.