California § 1490. 1490. (Added by Stats. 2011, Ch. 243, Sec. 3.)

California Statutes

§ 1490. — 1490. (Added by Stats. 2011, Ch. 243, Sec. 3.)

California § 1490.

JurisdictionCalifornia

Code FINFinancial Code - FIN

Div. 1.1.DIVISION 1.1. BANKING

Ch. 14.CHAPTER 14. Loans and Investments

Art. 3.ARTICLE 3. Loan Limits

This text of California § 1490. (1490. (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 § 1490. (2026).

Text

A commercial bank shall not lend in the aggregate more than 5 percent of its assets upon the security of the stock of any one corporation or upon the security of the bonds of any one obligor except bonds of the United States or for the payment of which the credit of the United States is pledged, bonds of the State of California or for the payment of which the credit of the State of California is pledged, and bonds of any county, city and county, city, metropolitan water district, school
 district, or irrigation district of the State of California which qualify as investments for savings banks.

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A commercial bank shall not lend in the aggregate more than 5 percent of its assets upon the security of the stock of any one corporation or upon the security of the bonds of any one obligor except bonds of the United States or for the payment of which the credit of the United States is pledged, bonds of the State of California or for the payment of which the credit of the State of California is pledged, and bonds of any county, city and county, city, metropolitan water district, school
district, or irrigation district of the State of California which qualify as investments for savings banks.