§ 1576
51 words·~1 min read·
/ca/financial-code/1576A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
When any revaluation of securities is made by the commissioner pursuant to Section 1575, other than at the time such securities are presented for deposit, United States Government securities having a maturity date less than five years from the date of such revaluation shall be valued at not less than par.