{"code":"FIN","codeName":"Financial Code","section":"18452","citation":"Fin. Code, § 18452","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 6. Prohibited Practices and Penalties [18435. - 18457.]","url":"https://blackletter.si/financial-code/division-7/chapter-6"}],"history":"Amended by Stats. 1980, Ch. 418, Sec. 13.","effective":null,"html":"<p>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.</p>","text":"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.","otherVersions":[],"url":"https://blackletter.si/financial-code/prohibited-practices-and-penalties-18452","source":"California Legislative Information bulk export (pubinfo)"}