California Statutes
§ 31409. — 31409. (Amended by Stats. 1996, Ch. 1064, Sec. 660.)
California·Code FIN Financial Code - FIN·Div. 15. DIVISION 15. BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS·Ch. 6. CHAPTER 6. Transaction of Business
No licensee shall, except with the prior approval of the commissioner, provide a lien or security interest in any of its property for the purpose of securing an obligation of, or an obligation incurred for the benefit of, any other person.
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California § 31409. (31409. (Amended by Stats. 1996, Ch. 1064, Sec. 660.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 1996, Ch. 1064, Sec. 660. Effective January 1, 1997. Operative July 1, 1997.