Home/California/Statutes/Code FIN: Financial Code - FIN/Div. 7.: DIVISION 7. INDUSTRIAL LOAN COMPANIES/Ch. 4.: CHAPTER 4. Investment Certificates/§ 18321.
California Statutes

§ 18321. — 18321. (Amended by Stats. 1999, Ch. 345, Sec. 3.)

California § 18321.
JurisdictionCalifornia
Code FINFinancial Code - FIN
Div. 7.DIVISION 7. INDUSTRIAL LOAN COMPANIES
Ch. 4.CHAPTER 4. Investment Certificates

This text of California § 18321. (18321. (Amended by Stats. 1999, Ch. 345, Sec. 3.)) 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 § 18321. (2026).

Text

(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 a member of the Federal Deposit Insurance Corporation pursuant to Section 18521.5 may use the term “certificate of deposit” as defined in Section 18003.6 with respect to an investment certificate that does not authorize either of the following:
(1)Redemption prior to its maturity.
(2)Reduction of the interest rate payable thereon other than a variable interest rate.

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Legislative History

Amended by Stats. 1999, Ch. 345, Sec. 3. Effective January 1, 2000.
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California § 18321., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/18321..