Cal. Fin. Code § 17304
Current through the 2023 Legislative Session.
"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.
Ca. Fin. Code § 17304