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DIVISION 2. SAVINGS ASSOCIATION LAW 5000-10009›CHAPTER 6. Investment Operations 7200-7800›ARTICLE 2. Investment in Securities 7250-7252

§ 7250.5

California Financial Code · 2018-11 edition · updated 2026-10-04 · California

No savings association may directly or indirectly acquire or retain any corporate debt security unless the corporate debt security is rated in one of the four highest rating categories by at least one nationally recognized rating service.

(Added by Stats. 1990, Ch. 1118, Sec. 39.)

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California Financial Code

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