Cal. Financial Code § 17304

California · California Financial Code · Status: effective · Effective 2002-01-01

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Citation: Cal. Financial Code § 17304, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/814832
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“Loss,” within the meaning of this chapter, means the loss of trust obligations held by a member within the State of California as a result of the fraudulent or dishonest abstraction, misappropriation, or embezzlement of trust obligations by an officer, director, trustee, stockholder, manager, or employee of a member.