Article 1. Required Liquidity of California Financial Code >> Division 2. >> Chapter 6. >> Article 1.
No association shall invest in any security under this
chapter, other than in liquid assets, or in any loan at any time if
the association fails to meet the minimum liquidity requirements
prescribed by Section 566.2 of Title 12 of the Code of Federal
Regulations, unless the commissioner has issued prior written
approval. "Liquid assets," as used in this section, has the same
meaning as defined by the regulations codified in Section 566.1 of
Title 12 of the Code of Federal Regulations.