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

§ 18444

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

Any officer or director held liable under Section 18443, who satisfies such liability is entitled to contribution from any other officer or director who participates in authorizing, making or allowing any such loan or guaranty, and is subrogated to all rights of the corporation against the borrower or principal obligor.

(Added by Stats. 1976, Ch. 964.)

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California Financial Code

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