California Financial Code

§ 18500

FIN § 18500 Effective Jul 1, 1985Div. 7 · Ch. 7 · Art. 2

Statute text

Guaranty Corporation shall have authority to:

(a)Borrow funds when necessary to effectuate the provisions of this chapter.

(b)Make loans to, deposits in, purchase assets or securities of, assume liabilities of, or make contributions to any Guaranty Corporation member to minimize the deficiency payments that might be required under Article 2 (commencing with Section 18490).

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Legislative history

Amended by Stats. 1985, Ch. 142, Sec. 18. Effective July 1, 1985.