As used in this article, “funded debt” means all interest-bearing indebtedness of a corporation not maturing within one year of the date it was incurred.
Cal. Fin. Code § 7275
Other Authorized Investments in Bonds and Securities
Known as the Savings Association Law
The act spans §§ 5000–10009 (387 sections).
Added by Stats. 1988, Ch. 718, Sec. 14.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.