Statute · California Financial Code

Cal. Fin. Code § 18436 — Prohibited Practices and Penalties

Cal. Fin. Code § 18436

Type
Statute
Source
California Financial Code
Jurisdiction
California
Current through
Nov 2, 2026 (California Legislative Counsel)

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.

Citator

Cal. Fin. Code § 18436 — Prohibited Practices and Penalties is in force in the current edition of the Code, and nothing recorded condemns it.

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.