California § 8010. 8010. (Amended by Stats. 1989, Ch. 868, Sec. 10.)

California Statutes

§ 8010. — 8010. (Amended by Stats. 1989, Ch. 868, Sec. 10.)

California § 8010.

JurisdictionCalifornia

Code FINFinancial Code - FIN

Div. 2.DIVISION 2. SAVINGS ASSOCIATION LAW

Ch. 7.CHAPTER 7. Supervision

Art. 1.ARTICLE 1. Department of Savings and Loan

This text of California § 8010. (8010. (Amended by Stats. 1989, Ch. 868, Sec. 10.)) 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 § 8010. (2026).

Text

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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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.

Legislative History

Amended by Stats. 1989, Ch. 868, Sec. 10. Effective September 26, 1989.

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California § 8010., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/8010..