California Financial Code

§ 18523

FIN § 18523 Effective Jan 1, 2017Div. 7 · Ch. 7 · Art. 3

Statute text

The following described thrift obligations will be guaranteed by Guaranty Corporation in the amounts hereinafter set forth below:

(a)Single ownership investment certificates. Funds owned by an individual and invested in the manner set forth below shall be added together and guaranteed up to fifty thousand dollars ($50,000) in the aggregate.

(1)Individual investment certificates (or investment certificates of the marital or domestic partnership community of which the individual is a member) and invested in one or more investment certificates in his or her own name shall be guaranteed up to fifty thousand dollars ($50,000) in the aggregate.

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Legislative history

Amended by Stats. 2016, Ch. 50, Sec. 39. (SB 1005) Effective January 1, 2017.