California § 1135 - If the commissioner finds that the shareholders
Full text of California Public Contract Code - PCC § 1135 — If the commissioner finds that the shareholders, with citation guidance and answers to common questions.
§ 1135. If the commissioner finds that the shareholders
If the commissioner finds that the shareholdersâ equity of a bank is not adequate or that the making by a bank or by any majority-owned subsidiary of a bank of a distribution to the shareholders of the bank would be unsafe or unsound for the bank, the commissioner may order the bank and its majority-owned subsidiaries not to make any distribution to the shareholders of the bank. In addition to the order authorized by this section, the commissioner may levy a civil penalty against the bank pursuant to Section 329.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 1135
What does Public Contract Code - PCC § 1135 cover?
Section 1135 ("If the commissioner finds that the shareholders") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 1135?
A common citation format is "Public Contract Code - PCC § 1135" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 1135 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.