Financial Code section 27050

Wherever, by statute of this State, collateral is required as security for the deposit of public or other funds, or deposits are required to be made with any public official or department, or an investment of capital or surplus, or a reserve or other fund, is required to be maintained consisting of designated securities, the notes, and bonds secured by mortgages insured, and debentures issued, by the Federal Housing Administrator, and obligations of national mortgage associations are eligible securities for such purposes.

Source: Section 27050, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=FIN§ionNum=27050.­ (updated Jan. 1, 1951; accessed Jul. 28, 2025).

Green check means up to date. Up to date

Verified:
Jul. 28, 2025

§ 27050's source at ca​.gov