California Financial Code 5624 – An association may issue net worth certificates in accordance with …
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An association may issue net worth certificates in accordance with applicable regulations of the Office of Thrift Supervision or the Federal Deposit Insurance Corporation.
(Amended by Stats. 1990, Ch. 1118, Sec. 23.)
Terms Used In California Financial Code 5624
- 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.