Financial Code section 18042

The authority of a three-fourths vote of all the directors is necessary to authorize the purchase of a lot and building necessary as premises for the transaction of business as an industrial loan company or to authorize the construction of such building.

Source: Section 18042, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=18042. (updated Jan. 1, 1976; accessed Oct. 13, 2025).

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Verified:
Oct. 13, 2025

§ 18042's source at ca.gov

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Location: https://california.public.law/codes/financial_code_section_18042

Original Source: Section 18042, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=18042. (last accessed May 12, 2025).