California Code of Regulations
Title 2 - Administration
Division 2 - Financial Operations
Chapter 4 - Office of the State Treasurer
Subchapter 2 - Security for State Deposits
Article 2 - Eligibility and Custody of Notes
Section 1898.6 - Assignment and Endorsement by Power of Attorney
Universal Citation: 2 CA Code of Regs 1898.6
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
In lieu of individually assigning each pledged mortgage or deed of trust and placing its unqualified endorsement on each promissory note, pursuant to Sections 1898.4 and 1898.5, a depository may furnish an appropriate resolution of its Board of Directors and an irrevocable power of attorney authorizing the Treasurer to assign the securities to the Treasurer. The resolution and power of attorney shall be in such form as the Treasurer may prescribe.
Disclaimer: These regulations may not be the most recent version. California may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
