{"code":"FIN","codeName":"Financial Code","section":"4824","citation":"Fin. Code, § 4824","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 1.6. DEPOSITORY CORPORATIONS—SALE, MERGER, AND CONVERSION [4800. - 4966.]","url":"https://blackletter.si/financial-code/division-1.6"},{"name":"CHAPTER 1. General Provisions [4800. - 4828.7.]","url":"https://blackletter.si/financial-code/division-1.6/chapter-1"},{"name":"ARTICLE 3. Other General Provisions [4820. - 4828.7.]","url":"https://blackletter.si/financial-code/division-1.6/chapter-1/article-3"}],"history":"Amended by Stats. 2013, Ch. 334, Sec. 53.   (SB 537)   Effective January 1, 2014.","effective":"2014-01-01","html":"<p>In determining for purposes of this division whether the shareholders’ equity of a California state depository corporation will be adequate:</p><p>(a) In case the corporation is, or is to convert into, a California state bank, the commissioner shall consider the factors specified in Section <a href=\"/fin/1150\">1150</a>.</p><p>(b) In case the corporation is, or is to convert into, a California state savings association or a California industrial loan company, the commissioner shall consider factors equivalent to those specified in Section <a href=\"/fin/1150\">1150</a>.</p>","text":"In determining for purposes of this division whether the shareholders’ equity of a California state depository corporation will be adequate: (a) In case the corporation is, or is to convert into, a California state bank, the commissioner shall consider the factors specified in Section 1150. (b) In case the corporation is, or is to convert into, a California state savings association or a California industrial loan company, the commissioner shall consider factors equivalent to those specified in Section 1150.","otherVersions":[],"url":"https://blackletter.si/financial-code/other-general-provisions-4824","source":"California Legislative Information bulk export (pubinfo)"}