Statute · California Financial Code
Cal. Fin. Code § 18317 — Investment Certificates
Cal. Fin. Code § 18317
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
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.
Citator
Cal. Fin. Code § 18317 — Investment Certificates is in force in the current edition of the Code, and nothing recorded condemns it.
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.