§ 18477
63 words·~1 min read·
/ca/financial-code/18477A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
“Thrift obligations” as used in this chapter include principal invested in investment or thrift certificates however evidenced, and unpaid interest thereon accrued as of the last interest accrual date prior to the date the commissioner takes possession of the property and business of a member or the date such member is the subject of an order for relief in bankruptcy, whichever occurs sooner.