California · Health and Safety Code - HSC
HSC §8778: The following shall be eligible investments for all special care trusts: (a) Bonds of the United States or this state, or of any county, city, or city and county in this state.
Read the full statutory text
The following shall be eligible investments for all special care trusts: (a) Bonds of the United States or this state, or of any county, city, or city and county in this state. (b) Bonds that are legal investments for commercial banks in this state. (c) Certificates of deposit or other interest-bearing accounts in any bank in this state insured by the Federal Deposit Insurance Corporation. (d) Investment certificates or shares in any state or federally chartered savings and loan association insured by the Federal Savings and Loan Insurance Corporation. (e) Investments in first trust deeds on improved real estate, provided that the loans require monthly amortization of principal and interest and are fully amortized within 30 years or the term of the loan, whichever comes first. No loan shall be made to the cemetery authority, to the director, officer, or stockholder of a cemetery authority, or trustees of the special care funds, or to partners, relatives, agents, or employees thereof. (f) Any investment that is lawful for endowment care funds under Sections 8751 and 8751.1.
Verify at the official source: California legislative text
Facing this? Know exactly what happens next.
MOFRD turns this code section into your situation: the deadlines that apply to you, the forms your county uses, and the resolution paths people in your position actually take. Free for 3 days — no card required.
This page is legal information, not legal advice. Code text is sourced from official publications and may lag amendments — always confirm at the official source linked above. Plain-English summaries and relationship data are AI-derived and reviewed on an ongoing basis; verify with a licensed attorney before acting.