Cal. Fin. Code § 18436

Current through the 2023 Legislative Session.
Section 18436 - Loans to or guarantee of obligations of directors or officers

An industrial loan company shall not, directly or indirectly, make any loan of money or property to or guarantee the obligation of any of its directors or officers, or officers and directors of its holding company, or officers and directors of its affiliates.

Ca. Fin. Code § 18436

Amended by Stats. 1980, Ch. 418, Sec. 4.