California § 14004
Full text of California Public Contract Code - PCC § 14004, with citation guidance and answers to common questions.
§ 14004.
âImpaired capitalâ means that the losses or projected losses of a credit union are such that the book value of a memberâs share is reduced below 100 percent of the monetary amount of that share when initially purchased plus any accumulated dividends.
Frequently Asked Questions About California § 14004
What does Public Contract Code - PCC § 14004 cover?
Section 14004 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 § 14004?
A common citation format is "Public Contract Code - PCC § 14004" (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 § 14004 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.