CHAPTER 4. Investment Certificates [18315. - 18325.]
Chapter 4 added by Stats. 1976, Ch. 964.
§§ 18315–18325 · 10 sections
- § 18315 (a) When authorized to conduct business pursuant to this division, an industrial loan company may sell and issue its investment certificates subject to the…
- § 18316 An industrial loan company may, in addition to the sale of installment investment certificates with loans, sell or negotiate investment certificates either in…
- § 18317 No company may have investment certificates outstanding with a person or related persons in an aggregate amount in excess of 20 percent of the unimpaired…
- § 18318 Investment or thrift certificates may be issued to or in the name of a minor and as such shall be for the exclusive right and benefit of such minor and may be…
- § 18318.5 An investment or thrift certificate that is a multiple-party account as defined in Section 5132 of the Probate Code is governed by Part 2 (commencing with…
- § 18319 In no event shall an industrial loan company have outstanding at any time its investment certificates (exclusive of those hypothecated with the company issuing…
- § 18320 Notwithstanding Section 18319, an industrial loan company shall in no event: (a) Have outstanding at any time during its first 12 months of operation as an…
- § 18321 (a) Nothing in this division authorizes an industrial loan company to receive demand deposits. (b) Subject to Section 18315, an industrial loan company that is…
- § 18322 An industrial loan company shall obtain the written consent of the commissioner prior to accepting any moneys pursuant to Section 17409. The commissioner may,…
- § 18325 (a) An industrial loan company shall not impose any charge on a periodic investment or thrift certificate, or on an investor in an account evidenced by such…