An association may issue net worth certificates in accordance with applicable regulations of the Office of Thrift Supervision or the Federal Deposit Insurance Corporation.
Cal. Fin. Code § 5624
Issuance of Stock and Certificates
Known as the Savings Association Law
The act spans §§ 5000–10009 (387 sections).
Amended by Stats. 1990, Ch. 1118, Sec. 23.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.