Financial Code section 18316

An industrial loan company may, in addition to the sale of installment investment certificates with loans, sell or negotiate investment certificates either in certificates, or in receipt book form. The certificates may provide for the payment of money at any time, either fixed or uncertain. The company may receive payments therefor in installments or otherwise, with or without an allowance of interest upon such installments.

Source: Section 18316, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=18316. (accessed Jun. 9, 2025).

18315
18316
18317
18318
18318.5
18319
18320
18321
18322
18325

Last Updated

May 12, 2025

§ 18316’s source at ca.gov

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Location: https://california.public.law/codes/financial_code_section_18316

Original Source: Section 18316, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=18316. (last accessed May 12, 2025).