§ 5120

5120. 'Statutory net worth' or 'net worth' means the sum of the following:(a) Issued and outstanding capital stock.(b) Issued and outstanding capital certificates.(c) Paid-in surplus.(d) Retained earnings.(e) Pledged savings accounts of a mutual association with the approval of the commissioner.(f) General reserves and other amounts as the commissioner prescribes.(Amended by Stats. 1985, Ch. 983, Sec. 1.76. Effective September 26, 1985.)