Financial Code § 18317

CHAPTER 4. Investment Certificates

Current as of September 28, 2026Fin. Code, § 18317Official source ↗

Amended by Stats. 1989, Ch. 663, Sec. 10. Operative January 1, 1991, by Sec. 20 of Ch. 663.

No company may have investment certificates outstanding with a person or related persons in an aggregate amount in excess of 20 percent of the unimpaired capital stock and surplus of the company not available for dividends as provided in Section 18319.