Financial Code section 18452

Every officer or employee of an industrial loan company, its holding company, or its affiliates who sells investment or thrift certificates knowing that the company is insolvent, is guilty of a misdemeanor.

Source: Section 18452, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=18452. (accessed Apr. 24, 2025).

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Last Updated

Apr. 24, 2025

§ 18452’s source at ca.gov

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Location: https://california.public.law/codes/financial_code_section_18452

Original Source: Section 18452, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=18452. (last accessed Apr. 24, 2025).