California Statutes
§ 1879. — 1879. (Added by Stats. 2011, Ch. 243, Sec. 3.)
California § 1879.
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 § 1879. (1879. (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 § 1879. (2026).
Text
No officer, director, clerk or other employee of any corporation, and no person in any way interested or concerned in the management of its affairs, shall as individuals discount, or directly or indirectly, make any loan upon any note or other evidence of debt, which he shall know to have been offered for discount to such corporation, and to have been refused. Every person violating the provisions of this section, shall, for each offense, forfeit to the people of the state twice the
amount of the loan which he shall have made.
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Legislative History
Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.
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California § 1879., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/1879..