Financial Code § 18452

CHAPTER 6. Prohibited Practices and Penalties

Current as of September 28, 2026Fin. Code, § 18452Official source ↗

Amended by Stats. 1980, Ch. 418, Sec. 13.

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.