{"code":"FIN","codeName":"Financial Code","section":"1471","citation":"Fin. Code, § 1471","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 1.1. BANKING [1000. - 1910.]","url":"https://blackletter.si/financial-code/division-1.1"},{"name":"CHAPTER 14. Loans and Investments [1460. - 1522.]","url":"https://blackletter.si/financial-code/division-1.1/chapter-14"},{"name":"ARTICLE 2. Loan and Investment Limitations [1470. - 1473.]","url":"https://blackletter.si/financial-code/division-1.1/chapter-14/article-2"}],"history":"Added by Stats. 2011, Ch. 243, Sec. 3.   (SB 664)   Effective January 1, 2012.","effective":"2012-01-01","html":"<p>(a) Subject to the limitations and exceptions in Sections <a href=\"/fin/1481\">1481</a> and <a href=\"/fin/1510\">1510</a>, a bank may hold both obligations made by a person, and securities issued by that same person.</p><p>(b) The total amount of obligations and securities held by a bank pursuant to subdivision (a) shall not exceed 25 percent of the sum of the shareholders’ equity, allowance for loan and lease losses, capital notes and debentures of the bank.</p>","text":"(a) Subject to the limitations and exceptions in Sections 1481 and 1510, a bank may hold both obligations made by a person, and securities issued by that same person. (b) The total amount of obligations and securities held by a bank pursuant to subdivision (a) shall not exceed 25 percent of the sum of the shareholders’ equity, allowance for loan and lease losses, capital notes and debentures of the bank.","otherVersions":[],"url":"https://blackletter.si/financial-code/loan-and-investment-limitations-1471","source":"California Legislative Information bulk export (pubinfo)"}