"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.
Ca. Fin. Code § 5120
Amended by Stats. 1985, Ch. 983, Sec. 1.76. Effective September 26, 1985.