California Financial Code ARTICLE 4 - Investments

  • Section 1580.
    A trust company may invest its contributed capital only in the securities and properties in which a commercial bank is permitted to invest its funds...
  • Section 1581.
    Trust funds received by any trust company in connection with its trust business, if invested, shall be invested as provided in Part 4 (commencing with...
  • Section 1582.
    (a) As used in this section:(1) “Fund” means any investment company registered under the Investment Company Act of 1940 (15 U.S.C. Sec. 80a-1 et seq.), as amended...
  • Section 1583.
    Any trust company or bank authorized to engage in the trust business holding trust funds awaiting investment or distribution may deposit or leave on deposit...
  • Section 1584.
    Any trust company acting in any capacity under a court or private trust or when acting in such capacity with one or more persons as...
  • Section 1585.
    (a) For purposes of this section, two or more trust companies shall be deemed to be affiliated if they are members of the same affiliated group,...
  • Section 1586.
    With regard to any participation certificates heretofore issued by any trust company, secured by a trust deed or mortgage, the full legal title in the...

Last modified: October 22, 2018