Find Bill
Find Your Legislator
Legislative Deadlines
March 29, 2024
RSS Feed Permanent URL -A +A

2021 Statute



Prev Article 19. - BANKING CODE; DISSOLUTION; INSOLVENCYNext


9-1902a. Critical undercapitalization. A bank or trust company is critically undercapitalized when the ratio of its capital to total assets is equal to or less than 2.0%. For the purposes of this section, capital shall be the total of the institution's common stock, surplus, undivided profits, capital reserves, noncumulative perpetual preferred stock and outstanding cumulative perpetual preferred stock, including related surplus, but intangibles, such as goodwill, shall not be included in the capital calculation.

History: L. 1993, ch. 7, § 1; L. 2015, ch. 38, § 118; July 1.



Prev Article 19. - BANKING CODE; DISSOLUTION; INSOLVENCYNext
2024. Powered by KLISS. Rendered: 2024-03-29T01:54:43. Head Rev No: 893615(E)