California Financial Code ARTICLE 1 - General Provisions

• Section 1460.
  A commercial bank shall not rediscount, borrow money, or hypothecate its assets as security for money borrowed except to the extent and upon the conditions...
• Section 1461.
  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...
• Section 1462.
  A commercial bank may borrow money by discounting or otherwise, and may borrow money secured by real property owned by the bank, to an amount...
• Section 1463.
  A commercial bank may hypothecate its assets in any manner provided by law to secure the deposits of moneys of the United States, of postal...
• Section 1464.
  A commercial bank may borrow for the purpose of buying from the United States, United States bonds, United States Treasury certificates, or notes or other...
• Section 1465.
  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...
• Section 1466.
  A commercial bank may issue negotiable certificates of deposit transferable by endorsement and delivery and nonnegotiable certificates transferable only on the books of the bank.(Added...
• Section 1467.
  A commercial bank located in a place the population of which does not exceed 5,000 persons according to the most recent official federal or state...

Last modified: October 22, 2018