Insurance Code section 10203.55

An agricultural or horticultural loan commitment as used in Section 10203.5 and in Article 5.9 (commencing with Section 779.1), Chapter 1, Part 2, Division 1 means a binding agreement to loan money up to a fixed amount as needed for agricultural or horticultural purposes, which commitment is issued by:

(1)

A national or state commercial bank; or

(2)

A federal intermediate credit bank or a production credit association organized under the Farm Credit Act of 1933, as amended;
lawfully operating in this State.

Source: Section 10203.55, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=INS§ionNum=10203.­55.­ (updated Jan. 1, 1963; accessed Jun. 9, 2025).

Last Updated

Jan. 1, 1963

§ 10203.55’s source at ca​.gov