California Statutes
§ 1194.7. — 1194.7. (Added by Stats. 1937, Ch. 738.)
California·Code INS Insurance Code - INS·Div. 1. DIVISION 1. GENERAL RULES GOVERNING INSURANCE·Part 2. PART 2. THE BUSINESS OF INSURANCE·Ch. 2. CHAPTER 2. Incorporated Insurers·Art. 4. ARTICLE 4. Property Authorized for Excess Funds Investments
Excess funds investments may be made in the stock of a Federal home loan bank. Any domestic incorporated insurer investing in the stock of a Federal home loan bank and thereby becoming a member thereof shall have power (a) to obtain advances from, and (b) to pledge collateral as security for such advances from such Federal home loan bank.
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California § 1194.7. (1194.7. (Added by Stats. 1937, Ch. 738.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1937, Ch. 738.