Financial Code section 1864

Any bank may invest in the shares of any corporation organized under the provisions of this article, but the aggregate amount of stock held in all corporations engaged in business of the kind described in this chapter shall not exceed 10 percent of the subscribing bank’s shareholders’ equity.

Source: Section 1864, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=1864. (accessed Jun. 2, 2025).

Last Updated

May 12, 2025

§ 1864’s source at ca.gov

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Location: https://california.public.law/codes/financial_code_section_1864

Original Source: Section 1864, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=1864. (last accessed May 12, 2025).