California Statutes
§ 7250.5. — 7250.5. (Added by Stats. 1990, Ch. 1118, Sec. 39.)
California·Code FIN Financial Code - FIN·Div. 2. DIVISION 2. SAVINGS ASSOCIATION LAW·Ch. 6. CHAPTER 6. Investment Operations·Art. 2. ARTICLE 2. Investment in Securities
No savings association may directly or indirectly acquire or retain any corporate debt security unless the corporate debt security is rated in one of the four highest rating categories by at least one nationally recognized rating service.
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California § 7250.5. (7250.5. (Added by Stats. 1990, Ch. 1118, Sec. 39.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1990, Ch. 1118, Sec. 39.