Statute · California Financial Code
Cal. Fin. Code § 31409 — Transaction of Business
Cal. Fin. Code § 31409
- 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, provide a lien or security interest in any of its property for the purpose of securing an obligation of, or an obligation incurred for the benefit of, any other person.
Citator
Cal. Fin. Code § 31409 — Transaction of Business 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, provide a lien or security interest in any of its property for the purpose of securing an obligation of, or an obligation incurred for the benefit of, any other person.