ARTICLE 3. Real Property Held

Article 3 added by Stats. 1976, Ch. 964.

§§ 18040–18043 · 4 sections

• § 18040 An industrial loan company may purchase, hold and convey real property for the following purposes only: (a) Real property conveyed to it in satisfaction of…
• § 18041 (a) The commissioner may establish rules and regulations regarding the sale of any real property acquired pursuant to subdivision (a) or (b) of Section 18040,…
• § 18042 The authority of a three-fourths vote of all the directors is necessary to authorize the purchase of a lot and building necessary as premises for the…
• § 18043 Real property held by an industrial loan company shall be conveyed by an instrument under the corporate seal of the corporation, signed by the president or…