California § 1869. 1869. (Added by Stats. 2011, Ch. 243, Sec. 3.)

California Statutes

§ 1869. — 1869. (Added by Stats. 2011, Ch. 243, Sec. 3.)

California § 1869.

JurisdictionCalifornia

Code FINFinancial Code - FIN

Div. 1.1.DIVISION 1.1. BANKING

Ch. 21.CHAPTER 21. International and Foreign Banking and Financing

Art. 1.ARTICLE 1. International and Foreign Banking and Financing Corporations

This text of California § 1869. (1869. (Added by Stats. 2011, Ch. 243, 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 § 1869. (2026).

Text

No corporation shall, either directly or indirectly, make any discount to any person for the purpose of enabling him to pay for or hold shares of its stock either subscribed for or purchased by him. Any corporation making any such discount shall forfeit to the people of the state twice the amount of such discount.

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