California Law (Last Updated: March 4, 2014) |
Financial Code - FIN |
Division 1.1. BANKING |
Chapter 14. Loans and Investments |
ARTICLE 1. General Provisions |
Section 1465.
Latest version.
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A commercial bank may rediscount with, borrow money from, or hypothecate its assets as security for money borrowed from a Federal Reserve bank, the Federal Deposit Insurance Corporation, or the Federal Home Loan Bank.
(Added by Stats. 2011, Ch. 243, Sec. 3. Effective January 1, 2012.)