California § 53601.5. 53601.5. (Amended by Stats. 2001, Ch. 57, Sec. 2.)

California Statutes

§ 53601.5. — 53601.5. (Amended by Stats. 2001, Ch. 57, Sec. 2.)

California·Code GOV Government Code - GOV·Div. 2.·Title 5. DIVISION 2. CITIES, COUNTIES, AND OTHER AGENCIES·Part 1. PART 1. POWERS AND DUTIES COMMON TO CITIES, COUNTIES, AND OTHER AGENCIES·Ch. 4. CHAPTER 4. Financial Affairs·Art. 1. ARTICLE 1. Investment of Surplus

The purchase by a local agency of any investment authorized pursuant to Section 53601 or 53601.1, not purchased directly from the issuer, shall be purchased either from an institution licensed by the state as a broker-dealer, as defined in Section 25004 of the Corporations Code, or from a member of a federally regulated securities exchange, from a national or state-chartered bank, from a savings association or federal association (as defined by Section 5102 of the Financial Code) or from a brokerage firm designated as a primary government dealer by the Federal
				  Reserve bank.

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

The purchase by a local agency of any investment authorized pursuant to Section 53601 or 53601.1, not purchased directly from the issuer, shall be purchased either from an institution licensed by the state as a broker-dealer, as defined in Section 25004 of the Corporations Code, or from a member of a federally regulated securities exchange, from a national or state-chartered bank, from a savings association or federal association (as defined by Section 5102 of the Financial Code) or from a brokerage firm designated as a primary government dealer by the Federal
Reserve bank.

California § 53601.5. (53601.5. (Amended by Stats. 2001, Ch. 57, Sec. 2.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.