§ 1580 A trust company may invest its contributed capital only in the …
§ 1581 Trust funds received by any trust company in connection with its …
§ 1582 (a) As used in this section:(1) “Fund” means any investment …
§ 1583 Any trust company or bank authorized to engage in the trust business …
§ 1584 Any trust company acting in any capacity under a court or private …
§ 1585 (a) For purposes of this section, two or more trust companies …
§ 1586 With regard to any participation certificates heretofore issued by …

Terms Used In California Codes > Financial Code > Division 1.1 > Chapter 16 > Article 4 - Investments

  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • 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.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • department: means State Department of Health Services. See California Health and Safety Code 20
  • Fiduciary: A trustee, executor, or administrator.
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • 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
  • Person: includes any person, firm, partnership, association, corporation, company, limited liability company, syndicate, estate, trust, business trust, or organization of any kind. See California Financial Code 18
  • Probate: Proving a will
  • State: means the State of California, unless applied to the different parts of the United States. See California Health and Safety Code 23
  • Statute: A law passed by a legislature.
  • Trustee: A person or institution holding and administering property in trust.
  • Writing: includes any form of recorded message capable of comprehension by ordinary visual means. See California Financial Code 8