Any corporation formed pursuant to this article may, if so authorized by the Commissioner of Financial Protection and Innovation, borrow money from or sell, pledge, or discount its securities to any corporation or agency established under the authority of the federal government.
Cal. Pub. Res. Code § 4734
Protection and Development Corporations
Amended by Stats. 2022, Ch. 452, Sec. 209
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.