Section 1133 Of Article 3. Distributions To Shareholders From California Financial Code >> Division 1.1. >> Chapter 5. >> Article 3.

. Notwithstanding the provisions of Section 1132, a bank or a majority-owned subsidiary of a bank may, with the prior approval of the commissioner, make a distribution to the shareholders of such bank in an amount not exceeding the greatest of:
  (a) The retained earnings of the bank;
  (b) The net income of the bank for its last fiscal year; or
  (c) The net income of the bank for its current fiscal year.