California Statutes
§ 18444. — 18444. (Added by Stats. 1976, Ch. 964.)
California·Code FIN Financial Code - FIN·Div. 7. DIVISION 7. INDUSTRIAL LOAN COMPANIES·Ch. 6. CHAPTER 6. Prohibited Practices and Penalties
Any officer or director held liable under Section 18443, who satisfies such liability is entitled to contribution from any other officer or director who participates in authorizing, making or allowing any such loan or guaranty, and is subrogated to all rights of the corporation against the borrower or principal obligor.
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California § 18444. (18444. (Added by Stats. 1976, Ch. 964.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1976, Ch. 964.