California Financial Code 18100 – When authorized by the commissioner as provided in this chapter, a …
Current as of: 2024 | Check for updates
|
Other versions
When authorized by the commissioner as provided in this chapter, a corporation may be organized under the laws of this state, or an existing California corporation may amend its articles of incorporation, to engage in an industrial loan business. Except as otherwise provided in this division, an industrial loan company may be incorporated pursuant to Division 1 (commencing with Section 100), Title 1, of the Corporations Code.
(Added by Stats. 1976, Ch. 964.)
Terms Used In California Financial Code 18100
- company: as used in this division means a premium finance agency as defined in Section 18560. See California Financial Code 18003
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.