California § 45308.55. 45308.55. (Added by Stats. 1968, Ch. 471.)

California Statutes

§ 45308.55. — 45308.55. (Added by Stats. 1968, Ch. 471.)

California § 45308.55.

JurisdictionCalifornia

Code GOVGovernment Code - GOV

Div.5.

Title 4.DIVISION 5. EMPLOYEES

Ch. 2.CHAPTER 2. Retirement

Art. 1.ARTICLE 1. General

This text of California § 45308.55. (45308.55. (Added by Stats. 1968, Ch. 471.)) 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. Government Code - GOV Code § 45308.55. (2026).

Text

Notwithstanding Section 45308.1 the board may also invest in any stocks or shares of a diversified management investment company registered under the “Investment Company Act of 1940” which has total assets of at least fifty million dollars ($50,000,000); except that the total investment in such stocks and shares, together with stocks and shares of all other corporations, may not exceed 25 percent of the assets of such fund determined on the basis of the cost of the stocks or shares.

Free access — add to your briefcase to read the full text and ask questions with AI

Notwithstanding Section 45308.1 the board may also invest in any stocks or shares of a diversified management investment company registered under the “Investment Company Act of 1940” which has total assets of at least fifty million dollars ($50,000,000); except that the total investment in such stocks and shares, together with stocks and shares of all other corporations, may not exceed 25 percent of the assets of such fund determined on the basis of the cost of the stocks or shares.