§ 7250 Notwithstanding any other provision of law, an association may invest …
§ 7250.5 No savings association may directly or indirectly acquire or retain …
§ 7251 An association holding investments which have been approved by the …
§ 7252 (a) Notwithstanding any other provisions of this chapter, an …

Terms Used In California Codes > Financial Code > Division 2 > Chapter 6 > Article 2 - Investment in Securities

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • County: includes city and county. See California Health and Safety Code 14
  • Department: means the department. See California Health and Safety Code 124030
  • Governing body: means the county board of supervisors or boards of supervisors in the case of counties acting jointly. See California Health and Safety Code 124030
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. Source: OCC
  • State: means the State of California, unless applied to the different parts of the United States. See California Health and Safety Code 23