California Statutes
§ 31824. — 31824. (Added by Stats. 1977, Ch. 1164.)
California·Code FIN Financial Code - FIN·Div. 15. DIVISION 15. BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS·Ch. 12. CHAPTER 12. Crimes and Criminal Penalties·Art. 2. ARTICLE 2. Conflicts of Interest
It shall be unlawful for any licensee or for any associate of a licensee, directly or indirectly, to borrow money from:
(a)Any person to which such licensee has provided, or has committed to provide, financing assistance;
(b)Any director of, officer of, or person who owns a 10 percent or greater equity interest in, any person referred to in subdivision (a); or
(c)Any close relative of any person referred to in subdivision (b).
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California § 31824. (31824. (Added by Stats. 1977, Ch. 1164.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1977, Ch. 1164.