Statute · California Insurance Code
Cal. Ins. Code § 1194 — Property Authorized for Excess Funds Investments
Cal. Ins. Code § 1194
- Type
- Statute
- Source
- California Insurance Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
Excess funds investments may be made in bonds issued by any county, municipality, or school district in this State to represent assessments for local improvements authorized by law. At the date of such investment the purchase price or principal loaned shall not exceed fifty per cent of the…
Citator
Cal. Ins. Code § 1194 — Property Authorized for Excess Funds Investments is in force in the current edition of the Code, and nothing recorded condemns it.
Excess funds investments may be made in bonds issued by any county, municipality, or school district in this State to represent assessments for local improvements authorized by law. At the date of such investment the purchase price or principal loaned shall not exceed fifty per cent of the market value of the real property or of the real property together with the improvements thereon, upon which the bond is the first lien.