Bus. & Prof. Code, § 7614.7 · Article 1.5. Definitions and Regulation of Cemeteries
Bus. & Prof. Code, § 7614.7
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
In any report to the bureau, all bonds, debentures, or other evidences of debt held by a cemetery corporation if amply secured and if not in default as to principal or interest may be valued as follows:
(a) If purchased at par at the par value.
(b) If purchased above or below par on the basis of the purchase price adjusted so as to bring the value to par at maturity and so as to yield the effective rate of interest on the basis at which the purchase was made.
(c) In such valuation, the purchase price shall in no case be taken at a higher figure than the actual market value at the time of purchase.
Notes and commentary — not statutory text
History
Added by Stats. 2015, Ch. 395, Sec. 13. (AB 180) Effective January 1, 2016.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=BPC§ionNum=7614.7.
- Text hash
- sha256 394f3e706dee08460261cfde6516c071dcfdcbaf321f15b74e133beb342d703c
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
Cited by 1 provision
Provisions in this library whose text cites Bus. & Prof. Code, § 7614.7. Each shows the citation as that text prints it.
Business and Professions Code
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