BlackletterCalifornia law

Financial Code § 1131

ARTICLE 3. Distributions to Shareholders

Current as of September 28, 2026Fin. Code, § 1131Official source ↗

Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.

Section 500 of the Corporations Code does not apply to the making by a bank or by any majority-owned subsidiary of a bank of any distribution to the shareholders of such bank.