§ 18406. — 18406. (Repealed and added by Stats. 1976, Ch. 964.)

California § 18406.

• Jurisdiction: California
• Code FIN: Financial Code - FIN
• Div. 7.: DIVISION 7. INDUSTRIAL LOAN COMPANIES
• Ch. 5.: CHAPTER 5. Administration and Powers of the Commissioner
• Art. 3.: ARTICLE 3. Reports and Financial Statements

Text

Each industrial loan company which has issued and which has outstanding investment certificates shall:
(a)
Post in a conspicuous and prominent place in each business location a condensed statement of its financial condition, and
(b)
Furnish to a person prior to such person’s investment in an investment certificate a copy of its latest condensed statement of its financial condition. Each year a copy of the condensed statement shall be furnished by mail or hand-delivered to each investment certificate holder.
(c)
Maintain and have available for public inspection a copy of its latest audited financial statement required by subdivision (a) of Section 18405 in each of its business locations. Any person shall, upon request, be permitted to inspect the statement during regular business hours.
(d)
The statement required by subdivisions (a) and (b) shall set forth such information and be in such form as may be required by the commissioner.

Legislative History

Repealed and added by Stats. 1976, Ch. 964.