Section 6476.

  1. Law
  2. California Code
  3. Code - FIN
  4. 2 - SAVINGS ASSOCIATION LAW
  5. 3 - Corporate Administration
  6. 7 - Statutory Net Worth; Reserve Accounts
  7. Section 6476.

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Each association shall set up and maintain the reserves required by, and may set up and maintain any additional reserves that are permitted by, this division.

The board of directors may make additional transfers to surplus or other reserve accounts.

(Added by Stats. 1983, Ch. 1091, Sec. 2.)


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