Cal. Government Code § 5905

California · California Government Code · Status: effective · Effective 1986-09-30

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Citation: Cal. Government Code § 5905, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/831967
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One or more state or local governments may cause to be formed, and may acquire all, but not less than all, of the voting stock in, one or more corporations, not chartered by a state or federal agency as a depository institution, but organized for the purpose of undertaking financing programs approved by each legislative body and found by each legislative body to be of benefit to the state or local government.