California Financial Code

§ 7250.5

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

FIN § 7250.5Div. 2 · Ch. 6 · Art. 2

Statute text

View on leginfo.ca.gov

No savings association may directly or indirectly acquire or retain any corporate debt security unless the corporate debt security is rated in one of the four highest rating categories by at least one nationally recognized rating service.

Legislative history

Added by Stats. 1990, Ch. 1118, Sec. 39.