California · Financial Code
FIN §5120: “Statutory net worth” or “net worth” means the sum of the following: (a) Issued and outstanding capital stock.
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“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.
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