§ 1201
64 words·~1 min read·
/ca/insurance-code/1201A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The entry of approval shall show:
(a)The fact of making such investment.
(b)The amount thereof.
(c)The name of each director voting to approve the investment.
(d)The amount, character and value of the security purchased or taken as collateral.
(e)If the investment is a loan, the name of the borrower, the rate of interest thereon and the due date thereof.