Fin. Code, § 6476 · Article 7. Statutory Net Worth; Reserve Accounts

Fin. Code, § 6476

Verbatim from the official edition

Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)

Each association shall set up and maintain the reserves required by, and may set up and maintain any additional reserves that are permitted by, this division.

The board of directors may make additional transfers to surplus or other reserve accounts.

Notes and commentary — not statutory text

History

Added by Stats. 1983, Ch. 1091, Sec. 2.

Source of truth

Edition: As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
Official file: https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN&sectionNum=6476.
Text hash: sha256 7353d5135d5c249b5b8b12dca5e144b9d7cdeef433e945d0ab73c0f896ba4d2b
Composed by: compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section

Cited by 1 provision

Provisions in this library whose text cites Fin. Code, § 6476. Each shows the citation as that text prints it.

Financial Code

Fin. Code, § 7459Printed as Section 6476

Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.