Statute · California Financial Code
Cal. Fin. Code § 31231 — Distributions to Shareholders
Cal. Fin. Code § 31231
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Date
- 1997-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
No licensee shall, except with the prior approval of the commissioner, make, or obligate itself to make, any distribution to its shareholders.
Citator
Cal. Fin. Code § 31231 — Distributions to Shareholders is in force in the current edition of the Code, and nothing recorded condemns it.
No licensee shall, except with the prior approval of the commissioner, make, or obligate itself to make, any distribution to its shareholders.