California · Financial Code

FIN §8035.5: As of the operative date of this section: (a) The Savings Association Special Regulatory Fund is converted into a separate account in the Financial Institutions Fund and designated as the Savings and

What this law says, in plain English

This statute converts the Savings Association Special Regulatory Fund into a separate account within the Financial Institutions Fund as of the operative date.

Read the full statutory text

As of the operative date of this section: (a) The Savings Association Special Regulatory Fund is converted into a separate account in the Financial Institutions Fund and designated as the Savings and Loan Account. (b) All moneys and other assets and all liabilities of the Savings Association Special Regulatory Fund shall be transferred to the Savings and Loan Account.

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