Statute · California Financial Code
Cal. Fin. Code § 18042 — Real Property Held
Cal. Fin. Code § 18042
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
The authority of a three-fourths vote of all the directors is necessary to authorize the purchase of a lot and building necessary as premises for the transaction of business as an industrial loan company or to authorize the construction of such building.
Citator
Cal. Fin. Code § 18042 — Real Property Held is in force in the current edition of the Code, and nothing recorded condemns it.
The authority of a three-fourths vote of all the directors is necessary to authorize the purchase of a lot and building necessary as premises for the transaction of business as an industrial loan company or to authorize the construction of such building.