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California Insurance Code

§ 1194

INS § 1194Div. 1 · Part 2 · Ch. 2 · Art. 4

Statute text

View on leginfo.ca.gov
Excess funds investments may be made in bonds issued by any county, municipality, or school district in this State to represent assessments for local improvements authorized by law. At the date of such investment the purchase price or principal loaned shall not exceed fifty per cent of the market value of the real property or of the real property together with the improvements thereon, upon which the bond is the first lien.

Legislative history

Enacted by Stats. 1935, Ch. 145.

Source: California Insurance Code § 1194 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.