California Law (Last Updated: March 4, 2014) |
Financial Code - FIN |
Division 1.1. BANKING |
Chapter 5. Corporate Requirements |
ARTICLE 3. Distributions to Shareholders |
Section 1131.
Latest version.
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Section 500 of the Corporations Code does not apply to the making by a bank or by any majority-owned subsidiary of a bank of any distribution to the shareholders of such bank.
(Added by Stats. 2011, Ch. 243, Sec. 3. Effective January 1, 2012.)