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Earlier editions: 2020-112018-11

DIVISION 7. INDUSTRIAL LOAN COMPANIES 18000-18707›CHAPTER 2. Formation and Organization 18100-18166›ARTICLE 1. General 18100-18104

§ 18102

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

The articles of incorporation of an industrial loan company, in addition to the statement required by subdivision (b) of Section 202 of the Corporations Code, shall expressly state that its purpose is to engage in an industrial loan business pursuant to this division. The Secretary of State shall not file articles for the incorporation of an industrial loan company or an amendment to the articles of an existing corporation to engage in an industrial loan business unless there is filed with the Secretary of State a duplicate of the certificate issued by the commissioner pursuant to Section 18101.

(Amended by Stats. 1980, Ch. 478, Sec. 4.)

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