California Statutes
§ 31408. — 31408. (Amended by Stats. 1996, Ch. 1064, Sec. 659.)
California § 31408.
JurisdictionCalifornia
Code FINFinancial Code - FIN
Div. 15.DIVISION 15. BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS
Ch. 6.CHAPTER 6. Transaction of Business
This text of California § 31408. (31408. (Amended by Stats. 1996, Ch. 1064, Sec. 659.)) 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 § 31408. (2026).
Text
No licensee shall, except with the prior approval of the commissioner, guarantee the debt of any other person or otherwise lend its credit to any other person; provided, however, that, whenever a licensee sells to another person an obligation to pay money, which obligation is owned by such licensee, such licensee may guarantee the payment of such obligation.
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Legislative History
Amended by Stats. 1996, Ch. 1064, Sec. 659. Effective January 1, 1997. Operative July 1, 1997.
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Bluebook (online)
California § 31408., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/31408..