California § 27050. 27050. (Enacted by Stats. 1951, Ch. 364.)

California Statutes

§ 27050. — 27050. (Enacted by Stats. 1951, Ch. 364.)

California § 27050.

Code FINFinancial Code - FIN

Div. 11.5.DIVISION 11.5. NATIONAL HOUSING ACT LOANS

Ch. 2.CHAPTER 2. Securities for Deposit

This text of California § 27050. (27050. (Enacted by Stats. 1951, Ch. 364.)) 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 § 27050. (2026).

Text

Wherever, by statute of this State, collateral is required as security for the deposit of public or other funds, or deposits are required to be made with any public official or department, or an investment of capital or surplus, or a reserve or other fund, is required to be maintained consisting of designated securities, the notes, and bonds secured by mortgages insured, and debentures issued, by the Federal Housing Administrator, and obligations of national mortgage associations are eligible securities for such purposes.

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Wherever, by statute of this State, collateral is required as security for the deposit of public or other funds, or deposits are required to be made with any public official or department, or an investment of capital or surplus, or a reserve or other fund, is required to be maintained consisting of designated securities, the notes, and bonds secured by mortgages insured, and debentures issued, by the Federal Housing Administrator, and obligations of national mortgage associations are eligible securities for such purposes.

Legislative History

Enacted by Stats. 1951, Ch. 364.

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California § 27050., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/27050..