California Statutes
§ 1462. — 1462. (Added by Stats. 2011, Ch. 243, Sec. 3.)
California § 1462.
JurisdictionCalifornia
Code FINFinancial Code - FIN
Div. 1.1.DIVISION 1.1. BANKING
Ch. 14.CHAPTER 14. Loans and Investments
Art. 1.ARTICLE 1. General Provisions
This text of California § 1462. (1462. (Added by Stats. 2011, Ch. 243, Sec. 3.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Cal. Financial Code - FIN Code § 1462. (2026).
Text
A commercial bank may borrow money by discounting or otherwise, and may borrow money secured by real property owned by the bank, to an amount not in excess of its shareholders’ equity, but shall not borrow money except as provided in Sections 1464 and 1465 in excess of such amount without the prior written approval of the commissioner.
The amounts of moneys so borrowed by a commercial bank together with the amount of any of its deposits secured
by surety bonds shall not at any one time exceed the amount of its shareholders’ equity without the prior written approval of the commissioner.
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Legislative History
Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.
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Bluebook (online)
California § 1462., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/1462..