Wat. Code, § 9403 · Article 1. In General
Wat. Code, § 9403
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
The bonds of the drainage district issued pursuant to this part which are investigated and approved by any commission or officer authorized by any law of this state to conduct the investigation and give the approval and by authority of which approval the bonds are declared to be legal investments for savings banks, may be lawfully purchased or received in pledge for loans by any of the following who hold funds which they are permitted by law to invest or loan:
(a) Banks.
(b) Trust companies.
(c) Insurance companies.
(d) Guardians and conservators.
(e) Executors.
(f) Administrators and special administrators.
(g) Any public officer or officers of this state or of any county, city, or city and county, or other municipality or corporate body within this state.
Notes and commentary — not statutory text
History
Amended by Stats. 1979, Ch. 730.
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=WAT§ionNum=9403.
- Text hash
- sha256 22935fea4bce56eecf03c8225d068753783d279bcac6395f325b8e1b1f670432
- 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
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.