California § 18451. 18451. (Amended by Stats. 1980, Ch. 418, Sec. 12.)

California Statutes

§ 18451. — 18451. (Amended by Stats. 1980, Ch. 418, Sec. 12.)

California § 18451.

Code FINFinancial Code - FIN

Div. 7.DIVISION 7. INDUSTRIAL LOAN COMPANIES

Ch. 6.CHAPTER 6. Prohibited Practices and Penalties

This text of California § 18451. (18451. (Amended by Stats. 1980, Ch. 418, Sec. 12.)) 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 § 18451. (2026).

Text

A director, officer, or employee of an industrial loan company, its holding company, or its affiliates who makes or maintains, or attempts to make or maintain, a deposit of such company’s funds with any other person on condition, or with the understanding, express or implied, that the person receiving such deposit make a loan or advance, directly or indirectly, to any director, officer, or employee of the company so making or maintaining or attempting to make or maintain such deposit, is guilty of a misdemeanor.

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A director, officer, or employee of an industrial loan company, its holding company, or its affiliates who makes or maintains, or attempts to make or maintain, a deposit of such company’s funds with any other person on condition, or with the understanding, express or implied, that the person receiving such deposit make a loan or advance, directly or indirectly, to any director, officer, or employee of the company so making or maintaining or attempting to make or maintain such deposit, is guilty of a misdemeanor.

Legislative History

Amended by Stats. 1980, Ch. 418, Sec. 12.

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California § 18451., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/RTC/18451..