Statute · California Financial Code
Cal. Fin. Code § 50506 — Prohibited Practices and Penalties
Cal. Fin. Code § 50506
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Date
- 1995-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
Any director, officer, partner, trustee, or employee of a licensee, its holding company, or its affiliates who knowingly receives or appropriates any of the licensee’s property, other than in payment of a just demand or with intent to defraud, or who omits to make or causes an omission to be…
Citator
Cal. Fin. Code § 50506 — Prohibited Practices and Penalties is in force in the current edition of the Code, and nothing recorded condemns it.
Any director, officer, partner, trustee, or employee of a licensee, its holding company, or its affiliates who knowingly receives or appropriates any of the licensee’s property, other than in payment of a just demand or with intent to defraud, or who omits to make or causes an omission to be made in the full and true entry thereof in its books and accounts or concurs in omitting to make any material entry thereof, violates this division.