Title 11 — Finance and Taxation
59 chapters · 1,261 sections in this title.
11 GCA § 133101 Uniform Fiscal Year and Accounts
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The commissioner shall have power to establish a uniform fiscal year for all associations, and shall have power to establish a uniform classification of accounts to be kept by associations, or to classify associations and to establish a uniform classification of accounts for each…
11 GCA § 133102 Books of Account, and Record of Appraisals
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Each association shall keep its books in such form as to show accurately in detail its assets and liabilities and its receipts and expenditures and shall keep records written in ink or typewriting showing the appraised values of the real estate security held in connection with ea…
11 GCA § 133103 Apportionment of Profits
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Profits and losses shall be apportioned at least annually. In computing earnings or dividends on shares, the rate shall be applied to the value thereof, subject to regulations prescribed by the by-laws or directors in respect of payments on such shares since the last prior apport…
11 GCA § 133104 Federal Insurance Reserve Account
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Any association by resolution of its board of directors may irrevocably establish all or any part of any reserve or surplus account for the sole purpose of absorbing losses; provided, however, that, except in the case of reserve or surplus accounts which were available prior to t…
11 GCA § 133105 Annual and Other Reports
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Each association shall make a full report in writing to the Commissioner annually, within thirty (30) days after the close of its fiscal year, which report shall be verified by its president or vice- president and secretary or treasurer, showing accurately the financial condition…
11 GCA § 133106 Annual Audit
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Each association, at least once in each year, shall cause its books and accounts to be audited at its own expense by a certified public accountant of any of the states or territories of the United States or by such other accountants selected by such association as shall be approv…
11 GCA § 133107 Annual Financial Statement
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The Commissioner shall have power in his discretion to require each association to mail once in each year within sixty days after the close of its fiscal year to each of the investors of such association a copy of a financial statement, showing, in such form and detail as the com…
11 GCA § 133108 Designation of Capital
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Each association issuing shares shall designate the capital attributable to such shares, in any statement or advertisement which it shall publish in which any reference shall be made to such capital, as withdrawable capital; in any such statement or advertisement the capital attr…
11 GCA § 133109 Accounts Insured Under FSLIC
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Notwithstanding any provision of law including §§113108 and 133103 of this Code). a savings and loan association whose accounts are insured by the Federal Savings and Loan Insurance Corporation (FSLIC) shall be deemed to meet all net worth, reserve or capital requirements for all…