California Statutes
§ 18451. — 18451. (Amended by Stats. 1980, Ch. 418, Sec. 12.)
California·Code FIN Financial Code - FIN·Div. 7. DIVISION 7. INDUSTRIAL LOAN COMPANIES·Ch. 6. CHAPTER 6. Prohibited Practices and Penalties
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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California § 18451. (18451. (Amended by Stats. 1980, Ch. 418, Sec. 12.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 1980, Ch. 418, Sec. 12.