California Financial Code ARTICLE 1 - Definitions

• Section 18475.
  “Guaranty corporation” means Thrift Guaranty Corporation of California which exists under the Nonprofit Mutual Benefit Corporation Law (Part 3 (commencing with Section 7110) of Division...
• Section 18476.
  (a) “Member” means an industrial loan company required by Section 18100.5 to be a member of Guaranty Corporation. “Member” includes “special member” except where the term...
• Section 18477.
  “Thrift obligations” as used in this chapter include principal invested in investment or thrift certificates however evidenced, and unpaid interest thereon accrued as of the...
• Section 18478.
  “Fund” means the Guaranty Corporation Fund established pursuant to Section 18535.(Added by Stats. 1985, Ch. 142, Sec. 9. Effective July 1, 1985.)
• Section 18479.
  “Capital contribution” means the amount each member is required to maintain as an investment in the corporation pursuant to Section 18535.(Added by Stats. 1985, Ch....
• Section 18480.
  “Member account” means the total of all amounts credited to a member for paid-in capital contributions, and other credits, net of any charges to that...
• Section 18481.
  “Guaranteed investment certificate” means a thrift obligation guaranteed by Guaranty Corporation pursuant to Section 18523.(Added by Stats. 1985, Ch. 142, Sec. 12. Effective July 1,

Last modified: October 22, 2018