Financial Code section 17304

“Loss,” within the meaning of this chapter, means the loss of trust obligations held by a member within the State of California as a result of the fraudulent or dishonest abstraction, misappropriation, or embezzlement of trust obligations by an officer, director, trustee, stockholder, manager, or employee of a member.

Source: Section 17304, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=17304. (updated Jan. 1, 2002; accessed Jun. 30, 2025).

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Verified:
Jun. 30, 2025

§ 17304's source at ca.gov

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Location: https://california.public.law/codes/financial_code_section_17304

Original Source: Section 17304, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=17304. (last accessed May 12, 2025).