California Statutes
§ 18018.4. — 18018.4. (Added by Stats. 1989, Ch. 663, Sec. 1.4.)
California·Code FIN Financial Code - FIN·Div. 7. DIVISION 7. INDUSTRIAL LOAN COMPANIES·Ch. 1. CHAPTER 1. General Provisions·Art. 1. ARTICLE 1. Definitions
“Mandatory convertible debt,” as used in this division, means a subordinated debt instrument which requires the issuer to convert that instrument into common or perpetual preferred stock by a date at or before the maturity of the debt instrument. The maturity of those instruments shall be 12 years or less.
Free access — add to your briefcase to read the full text and ask questions with AI
California § 18018.4. (18018.4. (Added by Stats. 1989, Ch. 663, Sec. 1.4.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1989, Ch. 663, Sec. 1.4. Operative January 1, 1991, by Sec. 20 of Ch. 663.