California · Financial Code
FIN §6527: If a loan or other investment is authorized under more than one section of this division an association may designate under which section the loan or investment has been made.
What this law says, in plain English
An association may choose which section of law authorizes a loan or investment when multiple sections permit it.
Read the full statutory text
If a loan or other investment is authorized under more than one section of this division an association may designate under which section the loan or investment has been made. Such a loan or investment may be apportioned among appropriate categories, and may be moved, in whole or in part, from one category to another.
Verify at the official source: California legislative text
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