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HomeFinancial CodeDiv. 2Ch. 6Art. 2.5§ 7266 Farm Credit System Securities

§ 7266 Farm Credit System Securities

Financial Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 7266 Farm Credit System Securities

Key Takeaways

  • •This law talks about special types of money promises (like bonds) made by certain banks and groups that help farmers, students, and home buyers.
  • •These promises are made by big groups like federal land banks, banks for cooperatives, and groups that help with home loans and student loans.
  • •The law includes things like bonds, debentures, and other money papers issued by these groups.
  • •It was updated in 1990 to include more details.

Example

A farmer needs money to buy new equipment.

The farmer can go to a federal land bank, which might give them a special money promise (like a bond) to help pay for the equipment. This law says those promises are okay and protected.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 7266 Farm Credit System Securities

Bonds, consolidated bonds, collateral trust debentures, consolidated debentures, or other obligations issued by federal land banks or federal intermediate credit banks established under the Federal Farm Loan Act, as amended, the Farm Credit Act of 1971, in debentures and consolidated debentures issued by the Central Bank for Cooperatives and banks for cooperatives established under the Farm Credit Act of 1933, as amended, and the Farm Credit Act of 1971, and in stocks, bonds, debentures, participations, and other obligations of, or issued by, the Federal National Mortgage Association, the Student Loan Marketing Association, the Government National Mortgage Association, and the Federal Home Loan Mortgage Corporation. (Amended by Stats. 1990, Ch. 1118, Sec. 40.5.)

Last verified: January 23, 2026

Key Terms

corporationstudentmortgageobligationstockfarm credit actassociationfannie mae

Related Statutes

  • § 7250 Association Investment Permissions
  • § 7252 Savings Association Service Investments
  • § 7264 Foreign Government Bond Exemptions
  • § 7269 Public Revenue Securities Eligibility
  • § 7272 Corporate Debt Investment Rules

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 7266.
View Official Source