Statute · California Financial Code
Cal. Fin. Code § 18452 — Prohibited Practices and Penalties
Cal. Fin. Code § 18452
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
Every officer or employee of an industrial loan company, its holding company, or its affiliates who sells investment or thrift certificates knowing that the company is insolvent, is guilty of a misdemeanor.
Citator
Cal. Fin. Code § 18452 — Prohibited Practices and Penalties is in force in the current edition of the Code, and nothing recorded condemns it.
Every officer or employee of an industrial loan company, its holding company, or its affiliates who sells investment or thrift certificates knowing that the company is insolvent, is guilty of a misdemeanor.