California Statutes
§ 6504. — 6504. (Amended by Stats. 1985, Ch. 983, Sec. 5.)
California § 6504.
JurisdictionCalifornia
Code FINFinancial Code - FIN
Div. 2.DIVISION 2. SAVINGS ASSOCIATION LAW
Ch. 4.CHAPTER 4. Powers of Associations
Art. 1.ARTICLE 1. General Powers
This text of California § 6504. (6504. (Amended by Stats. 1985, Ch. 983, Sec. 5.)) 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 § 6504. (2026).
Text
(a)Except by the prior written consent of the commissioner, an association in organization that is not a member of a federal home loan bank may borrow money from any source not more than an aggregate amount equal to 25 percent of its assets on the date of borrowing, and may pledge and otherwise encumber any of its assets to secure its debts.
(b)An association that is a member of a federal home loan bank may borrow money from any source without limitation and may pledge and otherwise encumber any of its assets to secure its debts or savings
accounts.
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Legislative History
Amended by Stats. 1985, Ch. 983, Sec. 5. Effective September 26, 1985.
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Bluebook (online)
California § 6504., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/6504..