BlackletterCalifornia law

Financial Code § 14004

ARTICLE 1. Definitions

Current as of September 28, 2026Fin. Code, § 14004Official source ↗

Added by Stats. 1982, Ch. 716, Sec. 1.

“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.