Section 18018.1 Of Article 1. Definitions From California Financial Code >> Division 7. >> Chapter 1. >> Article 1.
18018.1
. "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).