California Financial Code

§ 22061

FIN § 22061 Effective Jan 1, 1999Div. 9 · Ch. 1 · Art. 2

Statute text

(a)This division does not apply to any nonprofit church extension fund.

(b)For purposes of this section:

(1)“Nonprofit church extension fund” means a nonprofit organization affiliated with a church, that is formed for the purpose of making loans to that church’s congregational organization or organizations for site acquisitions, new facilities, or improvements to existing facilities, purchased for the benefit of the church congregational organization.

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Legislative history

Added by Stats. 1998, Ch. 469, Sec. 1. Effective January 1, 1999.