ARTICLE 1. Definitions [18475. - 18481.]

Article 1 added by Stats. 1976, Ch. 964.

§§ 18475–18481 · 7 sections

• § 18475 “Guaranty corporation” means Thrift Guaranty Corporation of California which exists under the Nonprofit Mutual Benefit Corporation Law (Part 3 (commencing with…
• § 18476 (a) “Member” means an industrial loan company required by Section 18100.5 to be a member of Guaranty Corporation. “Member” includes “special member” except…
• § 18477 “Thrift obligations” as used in this chapter include principal invested in investment or thrift certificates however evidenced, and unpaid interest thereon…
• § 18478 “Fund” means the Guaranty Corporation Fund established pursuant to Section 18535.
• § 18479 “Capital contribution” means the amount each member is required to maintain as an investment in the corporation pursuant to Section 18535.
• § 18480 “Member account” means the total of all amounts credited to a member for paid-in capital contributions, and other credits, net of any charges to that…
• § 18481 “Guaranteed investment certificate” means a thrift obligation guaranteed by Guaranty Corporation pursuant to Section 18523.