{"code":"FIN","codeName":"Financial Code","section":"18042","citation":"Fin. Code, § 18042","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 7. INDUSTRIAL LOAN COMPANIES [18000. - 18707.]","url":"https://blackletter.si/financial-code/division-7"},{"name":"CHAPTER 1. General Provisions [18000. - 18063.]","url":"https://blackletter.si/financial-code/division-7/chapter-1"},{"name":"ARTICLE 3. Real Property Held [18040. - 18043.]","url":"https://blackletter.si/financial-code/division-7/chapter-1/article-3"}],"history":"Added by Stats. 1976, Ch. 964.","effective":null,"html":"<p>The authority of a three-fourths vote of all the directors is necessary to authorize the purchase of a lot and building necessary as premises for the transaction of business as an industrial loan company or to authorize the construction of such building.</p>","text":"The authority of a three-fourths vote of all the directors is necessary to authorize the purchase of a lot and building necessary as premises for the transaction of business as an industrial loan company or to authorize the construction of such building.","otherVersions":[],"url":"https://blackletter.si/financial-code/real-property-held-18042","source":"California Legislative Information bulk export (pubinfo)"}