Cal. FIN § 1135
This is the official text of Cal. FIN § 1135, part of California’s Financial Code — regulates banks, credit unions, lenders, and other financial institutions.
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Official statutory text
If the commissioner finds that the shareholders’ equity of a bank is not adequate or that the making by a bank or by any majority-owned subsidiary of a bank of a distribution to the shareholders of the bank would be unsafe or unsound for the bank, the commissioner may order the bank and its majority-owned subsidiaries not to make any distribution to the shareholders of the bank. In addition to the order authorized by this section, the commissioner may levy a civil penalty against the bank pursuant to Section 329.
Status: in_force · Read it on the official government site
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