Statute · California Financial Code
Cal. Fin. Code § 17340 — General Provisions
Cal. Fin. Code § 17340
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Date
- 1988-09-28
- Current through
- Nov 2, 2026 (California Legislative Counsel)
In the event the board of directors of Fidelity Corporation deem it necessary and prudent to raise additional moneys for payment of claims or expenses of administration, it may, with the commissioner’s written consent, borrow money against its assets, including future assessments.
Citator
Cal. Fin. Code § 17340 — General Provisions is in force in the current edition of the Code, and nothing recorded condemns it.
In the event the board of directors of Fidelity Corporation deem it necessary and prudent to raise additional moneys for payment of claims or expenses of administration, it may, with the commissioner’s written consent, borrow money against its assets, including future assessments.