DIVISION 7. INDUSTRIAL LOAN COMPANIES 18000-18707›CHAPTER 4. Investment Certificates 18315-18325
§ 18316
California Financial Code · 2020-11 edition · updated 2026-10-04 · California
An industrial loan company may, in addition to the sale of installment investment certificates with loans, sell or negotiate investment certificates either in certificates, or in receipt book form. The certificates may provide for the payment of money at any time, either fixed or uncertain. The company may receive payments therefor in installments or otherwise, with or without an allowance of interest upon such installments.
(Added by Stats. 1976, Ch. 964.)
Get a plain-English answer with a citation back to this text.
Ask AI about this code