All loans of securities shall be made pursuant to one of the standardized security loan agreement forms, as developed by the administrators of the State Pooled Investment Account, as authorized by Section 16481, the Public Employees’ Retirement System, or the State Teachers’ Retirement System and as approved by the Commissioner of Financial Protection and Innovation.

(Amended by Stats. 2022, Ch. 452, Sec. 176. (SB 1498) Effective January 1, 2023.)

Terms Used In California Government Code 7603

  • Security loan agreement: means a written contract whereby a legal owner (the lender) agrees to lend specific marketable corporate or government securities for a period not to exceed one year. See California Government Code 7601
  • State: means the State of California, unless applied to the different parts of the United States. See California Government Code 18
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