§ 14004
42 words·~1 min read·
/ca/financial-code/14004A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
“Impaired capital” means that the losses or projected losses of a credit union are such that the book value of a member’s share is reduced below 100 percent of the monetary amount of that share when initially purchased plus any accumulated dividends.