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2020 California Code
Financial Code - FIN
DIVISION 11.5 - NATIONAL HOUSING ACT LOANS
CHAPTER 2 - Securities for Deposit
Section 27050.
Universal Citation: CA Fin Code § 27050 (2020)
27050.
Wherever, by statute of this State, collateral is required as security for the deposit of public or other funds, or deposits are required to be made with any public official or department, or an investment of capital or surplus, or a reserve or other fund, is required to be maintained consisting of designated securities, the notes, and bonds secured by mortgages insured, and debentures issued, by the Federal Housing Administrator, and obligations of national mortgage associations are eligible securities for such purposes.
(Enacted by Stats. 1951, Ch. 364.)
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