Cal. Financial Code § 18444

California · California Financial Code · Status: effective

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Citation: Cal. Financial Code § 18444, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/815272
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Any officer or director held liable under Section 18443, who satisfies such liability is entitled to contribution from any other officer or director who participates in authorizing, making or allowing any such loan or guaranty, and is subrogated to all rights of the corporation against the borrower or principal obligor.