Cal. FIN § 6476
This is the official text of Cal. FIN § 6476, part of California’s Financial Code — regulates banks, credit unions, lenders, and other financial institutions.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Official statutory text
Each association shall set up and maintain the reserves required by, and may set up and maintain any additional reserves that are permitted by, this division.
The board of directors may make additional transfers to surplus or other reserve accounts.
The board of directors may make additional transfers to surplus or other reserve accounts.
Status: in_force · Read it on the official government site
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