Introduction  

These rules and regulations as hereinafter set forth are hereby issued under the authority contained in Section 5255 of the law.

The words “the law” as used herein mean the Savings and Loan Association Law, now Division 2, Part 1 in the Financial Code and formerly the Building and Loan Association Act of 1931, as amended.

The words “the regulations” as used herein mean Chapter 2, Title 10, Investment, California Administrative Code.