California Financial Code 5112 – “Net worth certificate” means a certificate issued by an association …
Current as of: 2024 | Check for updates
|
Other versions
“Net worth certificate” means a certificate issued by an association in accordance with Section 13i of the Federal Deposit Insurance Act, as amended (12 U.S.C., Sec. 1823i) and regulations promulgated thereunder by the Federal Deposit Insurance Corporation.
(Amended by Stats. 1990, Ch. 1118, Sec. 8.5.)
Terms Used In California Financial Code 5112
- 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.