Financial Code section 18018.4

“Mandatory convertible debt,” as used in this division, means a subordinated debt instrument which requires the issuer to convert that instrument into common or perpetual preferred stock by a date at or before the maturity of the debt instrument. The maturity of those instruments shall be 12 years or less.

Source: Section 18018.4, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=18018.4. (updated Jan. 1, 1991; accessed Jul. 14, 2025).

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Jul. 14, 2025

§ 18018.4's source at ca.gov

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Location: https://california.public.law/codes/financial_code_section_18018.4

Original Source: Section 18018.4, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=18018.4. (last accessed May 12, 2025).