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Marginalia
Code · California · Insurance Code

§ 1194.7

59 words·~1 min read·/ca/insurance-code/1194-7

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Excess funds investments may be made in the stock of a Federal home loan bank. Any domestic incorporated insurer investing in the stock of a Federal home loan bank and thereby becoming a member thereof shall have power
(a)to obtain advances from, and
(b)to pledge collateral as security for such advances from such Federal home loan bank.
★   the supreme law of the land   ★
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