Cal. Financial Code § 1879
Cal. Financial Code § 1879
California · California Financial Code · Status: effective · Effective 2012-01-01
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- Citation
- Cal. Financial Code § 1879, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/813402
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Full text
No officer, director, clerk or other employee of any corporation, and no person in any way interested or concerned in the management of its affairs, shall as individuals discount, or directly or indirectly, make any loan upon any note or other evidence of debt, which he shall know to have been offered for discount to such corporation, and to have been refused. Every person violating the provisions of this section, shall, for each offense, forfeit to the people of the state twice the amount of the loan which he shall have made.