California § 987.86. 987.86. (Amended by Stats. 1997, Ch. 156, Sec. 4.)

California Statutes

§ 987.86. — 987.86. (Amended by Stats. 1997, Ch. 156, Sec. 4.)

California § 987.86.

JurisdictionCalifornia

Code MVCMilitary and Veterans Code - MVC

Div. 4.DIVISION 4. VETERANS' AID AND WELFARE

Ch. 6.CHAPTER 6. State Benefits for Veterans

Art. 3.1.ARTICLE 3.1. Veterans’ Farm and Home Purchase Act of 1974

This text of California § 987.86. (987.86. (Amended by Stats. 1997, Ch. 156, Sec. 4.)) 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. Military and Veterans Code - MVC Code § 987.86. (2026).

Text

(a)Any veteran for whom a farm or home is purchased under this article may be granted a subsequent opportunity to purchase another farm or home when the farm or home purchased under this article is sold, refinanced, or the veteran’s interest is divested through divorce or dissolution of marriage. The maximum amount that the department may advance under this subdivision is limited to the maximum amounts set forth in Section 987.65 at the time the application is made for the subsequent loan.

(b)Only one farm or home purchased under this article shall be owned by a veteran or a veteran and the veteran’s spouse at any one time. This subdivision does not apply to an interest of a former spouse.

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

(a)
Any veteran for whom a farm or home is purchased under this article may be granted a subsequent opportunity to purchase another farm or home when the farm or home purchased under this article is sold, refinanced, or the veteran’s interest is divested through divorce or dissolution of marriage. The maximum amount that the department may advance under this subdivision is limited to the maximum amounts set forth in Section 987.65 at the time the application is made for the subsequent loan.
(b)
Only one farm or home purchased under this article shall be owned by a veteran or a veteran and the veteran’s spouse at any one time. This subdivision does not apply to an interest of a former spouse.