9-1902a. Undercapitalized, when.
9-1902a
9-1902a. Undercapitalized, when.
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 sum 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).
History: L. 1993, ch. 7, § 1; March 18.