Ca_Law

statute | California

Financial Code - FIN - FIN § 1461

  • UIDca_leginfo_codes:fin-1461
  • CitationFinancial Code - FIN - FIN § 1461
  • Court / bodyCalifornia Legislative Counsel
  • Decision dateN/A
  • CollectionPUBINFO_2025
  • SourceOriginal

Summary

Assets hypothecated by a commercial bank as security for moneys borrowed shall not exceed in value the amount borrowed by more than 50 percent except with the prior written consent of the commissioner.

Text

Assets hypothecated by a commercial bank as security for moneys borrowed shall not exceed in value the amount borrowed by more than 50 percent except with the prior written consent of the commissioner.

Retrieval chunks

  • #1 | Financial Code - FIN - FIN § 1461

    Assets hypothecated by a commercial bank as security for moneys borrowed shall not exceed in value the amount borrowed by more than 50 percent except with the prior written consent of the commissioner.