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Cal. Financial Code § 18317

Cal. Financial Code § 18317

California · California Financial Code · Status: effective

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Cal. Financial Code § 18317, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/815144
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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 capital stock and surplus of the company not available for dividends as provided in Section 18319.