§ 6475 (a) Each association shall maintain an adequate statutory net …
§ 6476 Each association shall set up and maintain the reserves required by, …
§ 6477 Any association which, for the purpose of evading provisions of this …

Terms Used In California Codes > Financial Code > Division 2 > Chapter 3 > Article 7 - Statutory Net Worth; Reserve Accounts

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • department: means State Department of Health Services. See California Health and Safety Code 20
  • Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
  • Person: means any person, firm, association, organization, partnership, business trust, corporation, limited liability company, or company. See California Health and Safety Code 19
  • State: means the State of California, unless applied to the different parts of the United States. See California Health and Safety Code 23
  • Subpoena: A command to a witness to appear and give testimony.
  • Testimony: Evidence presented orally by witnesses during trials or before grand juries.