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§ 40.106. Impairment of Capital Defined: Section 18368(a), Financial Code.

10 CA ADC § 40.106Barclays Official California Code of Regulations

Barclays California Code of Regulations
Title 10. Investment
Chapter 1. Commissioner of Business Oversight, Division of Financial Institutions
Subchapter 40. Industrial Loans
Article 1. General Provisions
10 CCR § 40.106
§ 40.106. Impairment of Capital Defined: Section 18368(a), Financial Code.
Currentness
For purposes of Section 18368(a) of the Financial Code capital is impaired when the minimum amount of capital required by the Financial Code is reduced by a net deficit balance in the company's surplus accounts.

Credits

Note: Authority cited: Section 18347, Financial Code. Reference: Section 18368(a), Financial Code.
History
1. Change without regulatory effect renumbering former section 1119 to new section 40.106 filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34).
This database is current through 4/19/24 Register 2024, No. 16.
Cal. Admin. Code tit. 10, § 40.106, 10 CA ADC § 40.106
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