California · Financial Code

FIN §4805.15: “Share” means: (a) When used with respect to a California state savings association that is authorized to issue guarantee stock, a share of guarantee stock.

What this law says, in plain English

This statute defines 'share' as a share of guarantee stock issued by a California state savings association authorized to issue such stock.

Read the full statutory text

“Share” means: (a) When used with respect to a California state savings association that is authorized to issue guarantee stock, a share of guarantee stock. (b) When used with respect to a federal savings association that is authorized to issue capital stock, a share of capital stock.

Verify at the official source: California legislative text

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This page is legal information, not legal advice. Code text is sourced from official publications and may lag amendments — always confirm at the official source linked above. Plain-English summaries and relationship data are AI-derived and reviewed on an ongoing basis; verify with a licensed attorney before acting.