California Financial Code

§ 1864

FIN § 1864 Effective Jan 1, 2012Div. 1.1 · Ch. 21 · Art. 1

Statute text

Any bank may invest in the shares of any corporation organized under the provisions of this article, but the aggregate amount of stock held in all corporations engaged in business of the kind described in this chapter shall not exceed 10 percent of the subscribing bank’s shareholders’ equity.

Legislative history

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