Financial Code section 18442

An industrial loan company shall not make any loan of money or property to or guarantee the obligation of any person upon the security of its capital (including the shares of capital stock) of the company, its holding company, or its affiliates.

Source: Section 18442, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=18442. (updated Jan. 1, 1991; accessed Sep. 1, 2025).

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Up to date

Verified:
Sep. 1, 2025

§ 18442's source at ca.gov

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Location: https://california.public.law/codes/financial_code_section_18442

Original Source: Section 18442, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=18442. (last accessed May 12, 2025).