{"code":"FIN","codeName":"Financial Code","section":"5120","citation":"Fin. Code, § 5120","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 2. SAVINGS ASSOCIATION LAW [5000. - 10009.]","url":"https://blackletter.si/financial-code/division-2"},{"name":"CHAPTER 1. Short Title, General Definitions, and General Provisions [5000. - 5330.]","url":"https://blackletter.si/financial-code/division-2/chapter-1"},{"name":"ARTICLE 2. General Definitions [5100. - 5124.]","url":"https://blackletter.si/financial-code/division-2/chapter-1/article-2"}],"history":"Amended by Stats. 1985, Ch. 983, Sec. 1.76.   Effective September 26, 1985.","effective":"1985-09-26","html":"<p>“Statutory net worth” or “net worth” means the sum of the following:</p><p>(a) Issued and outstanding capital stock.</p><p>(b) Issued and outstanding capital certificates.</p><p>(c) Paid-in surplus.</p><p>(d) Retained earnings.</p><p>(e) Pledged savings accounts of a mutual association with the approval of the commissioner.</p><p>(f) General reserves and other amounts as the commissioner prescribes.</p>","text":"“Statutory net worth” or “net worth” means the sum of the following: (a) Issued and outstanding capital stock. (b) Issued and outstanding capital certificates. (c) Paid-in surplus. (d) Retained earnings. (e) Pledged savings accounts of a mutual association with the approval of the commissioner. (f) General reserves and other amounts as the commissioner prescribes.","otherVersions":[],"url":"https://blackletter.si/financial-code/general-definitions-5120","source":"California Legislative Information bulk export (pubinfo)"}