{"code":"FIN","codeName":"Financial Code","section":"14004","citation":"Fin. Code, § 14004","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 5. CREDIT UNIONS [14000. - 16906.]","url":"https://blackletter.si/financial-code/division-5"},{"name":"CHAPTER 1. General Provisions [14000. - 14053.]","url":"https://blackletter.si/financial-code/division-5/chapter-1"},{"name":"ARTICLE 1. Definitions [14000. - 14007.]","url":"https://blackletter.si/financial-code/division-5/chapter-1/article-1"}],"history":"Added by Stats. 1982, Ch. 716, Sec. 1.","effective":null,"html":"<p>“Impaired capital” means that the losses or projected losses of a credit union are such that the book value of a member’s share is reduced below 100 percent of the monetary amount of that share when initially purchased plus any accumulated dividends.</p>","text":"“Impaired capital” means that the losses or projected losses of a credit union are such that the book value of a member’s share is reduced below 100 percent of the monetary amount of that share when initially purchased plus any accumulated dividends.","otherVersions":[],"url":"https://blackletter.si/financial-code/definitions-14004","source":"California Legislative Information bulk export (pubinfo)"}