ARTICLE 2. General Provisions
Article 2 added by Stats. 1976, Ch. 964.
§§ 18020–18030 · 12 sections
- § 18020 An industrial loan company shall not appoint or continue in office any officer, director or management personnel who do not have the qualifications required by…
- § 18021 (a) An industrial loan company shall not deposit its funds except with a bank, trust company, or savings association authorized to do business in this state,…
- § 18022 No industrial loan company shall invest any of its funds, except as authorized in this division. Industrial loan companies may invest their funds in…
- § 18022.5 (a) An industrial loan company may organize, sponsor, operate, control, or render investment advice to, an investment company, or underwrite, distribute, or…
- § 18023 If an industrial loan company has investment or thrift certificates outstanding, then such company shall not borrow, except by the sale of investment or thrift…
- § 18023.1 In addition to the borrowings under Section 18023, an industrial loan company may borrow funds from the Federal Home Loan Bank, the Federal Deposit Insurance…
- § 18024 An industrial loan company shall not transact business or make any loan provided for by this division under any other name than that set forth in the articles…
- § 18025 No person shall use a holding company or any other device for the purpose of evading or avoiding any of the provisions of this division. This section shall not…
- § 18027 Corporations subject to this division are not subject to the provisions or regulations of the California Financing Law (Division 9 (commencing with Section…
- § 18028 All corporations formed under the provisions of this division are taxed in the same manner and at the same rates as other corporations are taxed pursuant to…
- § 18029 Each industrial loan company shall keep and use in its business, books, accounts, and records which will enable the commissioner to determine if the company is…
- § 18030 Each industrial loan company shall preserve the books, accounts, and records, including cards used in the card system, if any, for a least two years after…