California Financial Code CHAPTER 4 - Investment Certificates
- Section 18315.
(a) When authorized to conduct business pursuant to this division, an industrial loan company may sell and issue its investment certificates subject to the provisions of...
- Section 18316.
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...
- Section 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...
- Section 18318.
Investment or thrift certificates may be issued to or in the name of a minor and as such shall be for the exclusive right and...
- Section 18318.5.
An investment or thrift certificate that is a multiple-party account as defined in Section 5132 of the Probate Code is governed by Part 2 (commencing...
- Section 18319.
In no event shall an industrial loan company have outstanding at any time its investment certificates (exclusive of those hypothecated with the company issuing them)...
- Section 18320.
Notwithstanding Section 18319, an industrial loan company shall in no event:(a) Have outstanding at any time during its first 12 months of operation as an industrial...
- Section 18321.
(a) Nothing in this division authorizes an industrial loan company to receive demand deposits.(b) Subject to Section 18315, an industrial loan company that is a member of...
- Section 18322.
An industrial loan company shall obtain the written consent of the commissioner prior to accepting any moneys pursuant to Section 17409. The commissioner may, by...
- Section 18325.
(a) An industrial loan company shall not impose any charge on a periodic investment or thrift certificate, or on an investor in an account evidenced by...
Last modified: October 22, 2018