{"code":"FIN","codeName":"Financial Code","section":"1150","citation":"Fin. Code, § 1150","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 1.1. BANKING [1000. - 1910.]","url":"https://blackletter.si/financial-code/division-1.1"},{"name":"CHAPTER 5. Corporate Requirements [1100. - 1190.]","url":"https://blackletter.si/financial-code/division-1.1/chapter-5"},{"name":"ARTICLE 4. Shareholders’ Equity [1150. - 1152.]","url":"https://blackletter.si/financial-code/division-1.1/chapter-5/article-4"}],"history":"Added by Stats. 2011, Ch. 243, Sec. 3.   (SB 664)   Effective January 1, 2012.","effective":"2012-01-01","html":"<p>In determining for purposes of this division whether the shareholders’ equity of a bank or of a proposed bank is adequate, the commissioner shall consider:</p><p>(a) The nature and volume of the business of the bank;</p><p>(b) The amount, nature, quality, and liquidity of the assets of the bank;</p><p>(c) The amount and nature of the liabilities (including, but not limited to, any capital notes or debentures and any contingent liabilities) of the bank;</p><p>(d) The amount and nature of the fixed charges of the bank;</p><p>(e) The history of, and prospects for, the bank to earn and retain income;</p><p>(f) The quality of the operations of the bank;</p><p>(g) The quality of the management of the bank;</p><p>(h) The nature and quality of the ownership of the bank; and</p><p>(i) Such other factors as are in the opinion of the commissioner relevant.</p>","text":"In determining for purposes of this division whether the shareholders’ equity of a bank or of a proposed bank is adequate, the commissioner shall consider: (a) The nature and volume of the business of the bank; (b) The amount, nature, quality, and liquidity of the assets of the bank; (c) The amount and nature of the liabilities (including, but not limited to, any capital notes or debentures and any contingent liabilities) of the bank; (d) The amount and nature of the fixed charges of the bank; (e) The history of, and prospects for, the bank to earn and retain income; (f) The quality of the operations of the bank; (g) The quality of the management of the bank; (h) The nature and quality of the ownership of the bank; and (i) Such other factors as are in the opinion of the commissioner relevant.","otherVersions":[],"url":"https://blackletter.si/financial-code/shareholders-equity-1150","source":"California Legislative Information bulk export (pubinfo)"}