California Statutes
§ 18319. — 18319. (Amended by Stats. 1983, Ch. 858, Sec. 29.)
California § 18319.
JurisdictionCalifornia
Code FINFinancial Code - FIN
Div. 7.DIVISION 7. INDUSTRIAL LOAN COMPANIES
Ch. 4.CHAPTER 4. Investment Certificates
This text of California § 18319. (18319. (Amended by Stats. 1983, Ch. 858, Sec. 29.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Cal. Financial Code - FIN Code § 18319. (2026).
Text
In no event shall an industrial loan company have outstanding at any time its investment certificates (exclusive of those hypothecated with the company issuing them) in an aggregate sum in excess of 20 times the aggregate amount of its paid-up and unimpaired capital and such of its unimpaired surplus as is declared by a bylaw of the company to be not available for cash dividends. The commissioner by rule or by order issued pursuant to Section 18315, may limit the amount of outstanding investment certificates of an industrial loan company.
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Legislative History
Amended by Stats. 1983, Ch. 858, Sec. 29.
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Bluebook (online)
California § 18319., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/18319..