California § 1471. 1471. (Added by Stats. 2011, Ch. 243, Sec. 3.)

California Statutes

§ 1471. — 1471. (Added by Stats. 2011, Ch. 243, Sec. 3.)

California § 1471.

JurisdictionCalifornia

Code FINFinancial Code - FIN

Div. 1.1.DIVISION 1.1. BANKING

Ch. 14.CHAPTER 14. Loans and Investments

Art. 2.ARTICLE 2. Loan and Investment Limitations

This text of California § 1471. (1471. (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 § 1471. (2026).

Text

(a)Subject to the limitations and exceptions in Sections 1481 and 1510, a bank may hold both obligations made by a person, and securities issued by that same person.

(b)The total amount of obligations and securities held by a bank pursuant to subdivision (a) shall not exceed 25 percent of the sum of the shareholders’ equity, allowance for loan and lease losses, capital notes and debentures of the bank.

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(a)
Subject to the limitations and exceptions in Sections 1481 and 1510, a bank may hold both obligations made by a person, and securities issued by that same person.
(b)
The total amount of obligations and securities held by a bank pursuant to subdivision (a) shall not exceed 25 percent of the sum of the shareholders’ equity, allowance for loan and lease losses, capital notes and debentures of the
bank.

Legislative History

Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.

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Bluebook (online)

California § 1471., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/1471..