Statute · California Financial Code
Cal. Fin. Code § 1461 — General Provisions
Cal. Fin. Code § 1461
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Date
- 2012-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
Assets hypothecated by a commercial bank as security for moneys borrowed shall not exceed in value the amount borrowed by more than 50 percent except with the prior written consent of the commissioner.
Citator
Cal. Fin. Code § 1461 — General Provisions is in force in the current edition of the Code, and nothing recorded condemns it.
Assets hypothecated by a commercial bank as security for moneys borrowed shall not exceed in value the amount borrowed by more than 50 percent except with the prior written consent of the commissioner.