{"code":"FIN","codeName":"Financial Code","section":"18427.1","citation":"Fin. Code, § 18427.1","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 5. Administration and Powers of the Commissioner [18339. - 18427.11.]","url":"https://blackletter.si/financial-code/division-7/chapter-5"},{"name":"ARTICLE 5. Securities Transactions [18427. - 18427.11.]","url":"https://blackletter.si/financial-code/division-7/chapter-5/article-5"}],"history":"Repealed and added by Stats. 1996, Ch. 1064, Sec. 600.   Effective January 1, 1997.   Operative July 1, 1997.","effective":"1997-01-01","html":"<p>No industrial loan company organized under the laws of this state shall offer or sell any security issued by it unless the commissioner has issued a permit authorizing such sale.</p>","text":"No industrial loan company organized under the laws of this state shall offer or sell any security issued by it unless the commissioner has issued a permit authorizing such sale.","otherVersions":[],"url":"https://blackletter.si/financial-code/securities-transactions-18427-1","source":"California Legislative Information bulk export (pubinfo)"}