Section 1133.
Cal. Financial Code - FIN § 1133.
in effectNotwithstanding the provisions of Section 1132, a bank or a majority-owned subsidiary of a bank may, with the prior approval of the commissioner, make a distribution to the shareholders of such bank in an amount not exceeding the greatest of:
(a)
The retained earnings of the bank;
(b)
The net income of the bank for its last fiscal year; or
(c)
The net income of the bank for its current fiscal year.
Source: CA Legislative Counsel Bulk DataURL: https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zipFetched: 6/27/2026
