BlackletterCalifornia law

Financial Code § 18525

ARTICLE 3. Purpose and Scope of Guaranty Corporation

Current as of September 28, 2026Fin. Code, § 18525Official source ↗

Amended by Stats. 1985, Ch. 142, Sec. 34. Effective July 1, 1985.

Notwithstanding any other provision of this division, Guaranty Corporation, with the written consent of the commissioner, shall have the power to assume obligations, enter into contracts, including contracts of guarantee or suretyship, incur liabilities, borrow money, lend money or otherwise use its credit, and secure any of its obligations, contracts, or liabilities by mortgage, pledge, security interest, or other encumbrances of all or any part of its property and assets, including, but not limited to, income from assessments of members or rights thereto, and income.