California Financial Code

§ 1576

FIN § 1576 Effective Jan 1, 2012Div. 1.1 · Ch. 16 · Art. 3

Statute text

When any revaluation of securities is made by the commissioner pursuant to Section 1575, other than at the time such securities are presented for deposit, United States Government securities having a maturity date less than five years from the date of such revaluation shall be valued at not less than par.

Legislative history

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