California § 10203.55. 10203.55. (Amended by Stats. 1963, Ch. 313.)

California Statutes

§ 10203.55. — 10203.55. (Amended by Stats. 1963, Ch. 313.)

California·Code INS Insurance Code - INS·Div. 2. DIVISION 2. CLASSES OF INSURANCE·Part 2. PART 2. LIFE AND DISABILITY INSURANCE·Ch. 2. CHAPTER 2. Group Life Policies

An agricultural or horticultural loan commitment as used in Section 10203.5 and in Article 5.9 (commencing with Section 779.1), Chapter 1, Part 2, Division 1 means a binding agreement to loan money up to a fixed amount as needed for agricultural or horticultural purposes, which commitment is issued by:

(1)A national or state commercial bank; or

(2)A federal intermediate credit bank or a production credit association organized under the Farm Credit Act of 1933, as amended; lawfully operating in this State.

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An agricultural or horticultural loan commitment as used in Section 10203.5 and in Article 5.9 (commencing with Section 779.1), Chapter 1, Part 2, Division 1 means a binding agreement to loan money up to a fixed amount as needed for agricultural or horticultural purposes, which commitment is issued by:
(1)
A national or state commercial bank; or
(2)
A federal intermediate credit bank or a production credit association organized under the Farm Credit Act of 1933,
as amended;
lawfully operating in this State.

California § 10203.55. (10203.55. (Amended by Stats. 1963, Ch. 313.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.