California Financial Code ARTICLE 3 - Real Property Held

• Section 18040.
  An industrial loan company may purchase, hold and convey real property for the following purposes only:(a) Real property conveyed to it in satisfaction of debts previously...
• Section 18041.
  (a) The commissioner may establish rules and regulations regarding the sale of any real property acquired pursuant to subdivision (a) or (b) of Section 18040, consistent...
• Section 18042.
  The authority of a three-fourths vote of all the directors is necessary to authorize the purchase of a lot and building necessary as premises for...
• Section 18043.
  Real property held by an industrial loan company shall be conveyed by an instrument under the corporate seal of the corporation, signed by the president...

Last modified: October 22, 2018