California Statutes
§ 11162. — 11162. (Amended by Stats. 2011, Ch. 15, Sec. 215.)
California·Code INS Insurance Code - INS·Div. 2. DIVISION 2. CLASSES OF INSURANCE·Part 2. PART 2. LIFE AND DISABILITY INSURANCE·Ch. 10. CHAPTER 10. Fraternal Benefit Societies·Art. 8. ARTICLE 8. Violations and Penalties
It is a felony, punishable by imprisonment pursuant to subdivision (h) of Section 1170 of the Penal Code, for any officer, director, agent or employee of any fraternal benefit society to, directly or indirectly, for himself or as partner or agent of others:
(a)Borrow any of the funds of such society.
(b)Become endorser or surety for loans by the society to others.
(c)In any manner be obligor for moneys borrowed or loaned by such society.
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California § 11162. (11162. (Amended by Stats. 2011, Ch. 15, Sec. 215.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 2011, Ch. 15, Sec. 215. (AB 109) Effective April 4, 2011. Operative October 1, 2011, by Sec. 636 of Ch. 15, as amended by Stats. 2011, Ch. 39, Sec. 68.