§ 7614.8
36 words·~1 min read·
/ca/business-and-professions-code/7614-8·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Any security or other evidence of debt if in default as to principal or interest or if not amply secured shall not be valued as an asset of the endowment care fund above its market value.