Financial Code section 17340

In the event the board of directors of Fidelity Corporation deem it necessary and prudent to raise additional moneys for payment of claims or expenses of administration, it may, with the commissioner’s written consent, borrow money against its assets, including future assessments.

Source: Section 17340, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=17340. (updated Sep. 28, 1988; accessed Jul. 14, 2025).

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Up to date

Verified:
Jul. 14, 2025

§ 17340's source at ca.gov

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Location: https://california.public.law/codes/financial_code_section_17340

Original Source: Section 17340, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=17340. (last accessed May 12, 2025).