DIVISION 7. INDUSTRIAL LOAN COMPANIES 18000-18707›CHAPTER 6. Prohibited Practices and Penalties 18435-18457

§ 18450

California Financial Code · 2018-11 edition · updated 2026-10-04 · California

A director, officer, or employee of an industrial loan company, its holding company, or its affiliates who concurs in any vote or act by which it is intended to make a loan or purchase a contract in violation of this division, is guilty of a misdemeanor.

(Amended by Stats. 1980, Ch. 418, Sec. 11.)

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California Financial Code

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