Financial Code - FIN
DIVISION 7. INDUSTRIAL LOAN COMPANIES [18000 - 18707]
( Division 7 repealed and added by Stats. 1976, Ch. 964. ) CHAPTER 4. Investment Certificates [18315 - 18325]
( Chapter 4 added by Stats. 1976, Ch. 964. ) 18317.
No company may have investment certificates outstanding with a person or related persons in an aggregate amount in excess of 20 percent of the unimpaired capital stock and surplus of the company not available for dividends as provided in Section 18319.
(Amended by Stats. 1989, Ch. 663, Sec. 10. Operative January 1, 1991, by Sec. 20 of Ch. 663.)