Financial Code section 6454

No association by any system of accounting or any device of bookkeeping shall, either directly or indirectly, enter any of its assets upon its books in the name of any other person, partnership, association, or corporation or under any title or designation that is not truly descriptive of the assets.

Source: Section 6454, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=6454. (updated Jan. 1, 1983; accessed Jun. 25, 2025).

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Up to date

Verified:
Jun. 25, 2025

§ 6454's source at ca.gov

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Location: https://california.public.law/codes/financial_code_section_6454

Original Source: Section 6454, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=6454. (last accessed May 12, 2025).