ARTICLE 1. General Provisions [1460. - 1467.]

Article 1 added by Stats. 2011, Ch. 243, Sec. 3.

§§ 1460–1467 · 8 sections

• § 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 set…
• § 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 with the…
• § 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 not in excess of…
• § 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 savings funds, of…
• § 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…
• § 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…
• § 1466 A commercial bank may issue negotiable certificates of deposit transferable by endorsement and delivery and nonnegotiable certificates transferable only on the…
• § 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 census may…