California Laws: Financial Code Sections 1335-1338

California Laws > Financial Code

• California Laws: Financial Code Section 1335
  (a) A commercial bank may invest in gold and silver bullion and United States mint certificates of ascertained value, and purchase securities, except corporation shares,...
• California Laws: Financial Code Section 1336
  Unless otherwise approved by the commissioner, a commercial bank shall not invest an amount exceeding 15 percent of its shareholders' equity in the securities of...
• California Laws: Financial Code Section 1337
  If any commercial bank has made investments which it was authorized to make at the time they were made it shall not be required to...
• California Laws: Financial Code Section 1338
  A commercial bank may organize, sponsor, operate, control, or render investment advice to, an investment company, or underwrite, distribute, or sell securities of any investment...