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California Financial Code

§ 1460

FIN § 1460 Effective Jan 1, 2012Div. 1.1 · Ch. 14 · Art. 1

Statute text

View on leginfo.ca.gov
A commercial bank shall not rediscount, borrow money, or hypothecate its assets as security for money borrowed except to the extent and upon the conditions set forth in this division.

Legislative history

Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.

Source: California Financial Code § 1460 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.