Cal. Financial Code § 18420.2
Cal. Financial Code § 18420.2
California · California Financial Code · Status: effective · Effective 1985-07-01
Cite this
- Citation
- Cal. Financial Code § 18420.2, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/815227
- Permanent ID
ys:prov:815227@1- SHA-256
f9ad4668636a0b68060298c72f86604c7fa8c1d21fcd8ba276b5fe31334be94c
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
The commissioner may, with ex parte approval of the court, sell all or any part of the company’s assets to another industrial loan company, to a bank, to a savings and loan association, to Guaranty Corporation, or to an instrumentality of the United States government. In like manner, the commissioner may borrow from Guaranty Corporation, an instrumentality of the United States government, or a private insurer which insures or guarantees the company’s investment certificates, any amount necessary to facilitate the assumption of investment certificate liabilities by a newly chartered or existing industrial loan company, assigning any part or all of the assets of the company as security for that loan.