Cal. FIN § 18452
This is the official text of Cal. FIN § 18452, part of California’s Financial Code — regulates banks, credit unions, lenders, and other financial institutions.
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Official statutory text
Every officer or employee of an industrial loan company, its holding company, or its affiliates who sells investment or thrift certificates knowing that the company is insolvent, is guilty of a misdemeanor.
Status: in_force · Read it on the official government site
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