California Health and Safety Code 8751 – The funds shall be invested and reinvested, and kept invested in:(a) …
The funds shall be invested and reinvested, and kept invested in:
(a) Bonds of the United States or this state, or of any county, city and county, or city in this state.
Terms Used In California Health and Safety Code 8751
- 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
- State: means the State of California, unless applied to the different parts of the United States. See California Health and Safety Code 23
(b) Bonds legal for investment for savings banks in this state.
(c) First mortgages or first trust deeds on improved real estate.
(d) Income producing improved real estate in any city or city and county in this state.
(e) Investment certificates in any savings and loan association organized, existing and doing business under the laws of this state.
(f) Investments of the type enumerated for domestic incorporated insurers in Article 3, Chapter 2, Part 2, of Division 1 of the Insurance Code of this state.
(g) By deposit in a bank which is insured by the Federal Deposit Insurance Corporation.
(h) Shares of a duly chartered and insured federal savings and loan association.
(Amended by Stats. 1977, Ch. 496.)