California Legal Codes and Statutes

§ 4824

Amended by Stats. 2013, Ch. 334, Sec. 53. (SB 537) Effective January 1, 2014.

In determining for purposes of this division whether the shareholders’ equity of a California state depository corporation will be adequate:

(a)In case the corporation is, or is to convert into, a California state bank, the commissioner shall consider the factors specified in Section 1150.
(b)In case the corporation is, or is to convert into, a California state savings association or a California industrial loan company, the commissioner shall consider factors equivalent to those specified in Section 1150.

Cite this section

Cal. Fin. Code § 4824 (2026)
https://ca.codecond.com/codes/fin/division-1-6-depository-corporations-sale-merger-and-conversion/chapter-1-general-provisions/article-3-other-general-provisions/section-4824

Other sections in Article 3 - Other General Provisions

§ 4820§ 4820.5§ 4821§ 4821.5§ 4822§ 4823§ 4824§ 4825§ 4826§ 4826.5§ 4827§ 4827.3§ 4827.7§ 4828§ 4828.3§ 4828.7

This content is for reference, learning, and study purposes only. All legal text should be verified against the official California Legislative Information website, which is the authoritative source for California law. Data last processed: February 8, 2026.