Cal. Fin. Code § 18442

Current through the 2023 Legislative Session.

Section 18442 - Loan or guarantee of person under security of company's capital

An industrial loan company shall not make any loan of money or property to or guarantee the obligation of any person upon the security of its capital (including the shares of capital stock) of the company, its holding company, or its affiliates.

Ca. Fin. Code § 18442

Amended by Stats. 1989, Ch. 663, Sec. 18. Operative January 1, 1991, by Sec. 20 of Ch. 663.