Financial Code section 18444

Any officer or director held liable under Section 18443, who satisfies such liability is entitled to contribution from any other officer or director who participates in authorizing, making or allowing any such loan or guaranty, and is subrogated to all rights of the corporation against the borrower or principal obligor.

Source: Section 18444, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=FIN§ionNum=18444.­ (accessed Jun. 2, 2025).

Last Updated

May 12, 2025

§ 18444’s source at ca​.gov