Cal. Fin. Code § 18317

Current through the 2024 Legislative Session.

Section 18317 - Limitation on certificates outstanding with person

No company may have investment certificates outstanding with a person or related persons in an aggregate amount in excess of 20 percent of the unimpaired capital stock and surplus of the company not available for dividends as provided in Section 18319.

Ca. Fin. Code § 18317

Amended by Stats. 1989, Ch. 663, Sec. 10. Operative January 1, 1991, by Sec. 20 of Ch. 663.