§ 18018.1
39 words·~1 min read·
/ca/financial-code/18018-1A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
“Primary capital,” as used in this division, means the sum of common stock, perpetual preferred stock, capital surplus, undivided profits, capital reserves, and mandatory convertible debt (to the extent of 20 percent of primary capital exclusive of that debt).