Statute · California Financial Code

Cal. Fin. Code § 1870 — International and Foreign Banking and Financing Corporations

Cal. Fin. Code § 1870

Type
Statute
Source
California Financial Code
Jurisdiction
California
Date
2012-01-01
Current through
Nov 2, 2026 (California Legislative Counsel)

No corporation shall by any system of accounting or any device of bookkeeping, directly or indirectly enter any of its assets upon its books in the name of any other person, or under any title or designation that is not truly descriptive thereof.

Citator

Cal. Fin. Code § 1870 — International and Foreign Banking and Financing Corporations is in force in the current edition of the Code, and nothing recorded condemns it.

No corporation shall by any system of accounting or any device of bookkeeping, directly or indirectly enter any of its assets upon its books in the name of any other person, or under any title or designation that is not truly descriptive thereof.