California Financial Code 32402 – In addition to other accounts the board may establish, the financial …
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In addition to other accounts the board may establish, the financial accounts of the corporation shall include:
(a) A general operating account.
Terms Used In California Financial Code 32402
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(b) A general reserve account.
(c) An enterprise loan fund.
(d) A government guaranteed securities trust fund.
(Amended by Stats. 1989, Ch. 1040, Sec. 15.)