Cal. Fin. Code § 17340

Current through the 2023 Legislative Session.

Section 17340 - Authority to borrow money to raise additional money for payment of claims or expenses

In the event the board of directors of Fidelity Corporation deem it necessary and prudent to raise additional moneys for payment of claims or expenses of administration, it may, with the commissioner's written consent, borrow money against its assets, including future assessments.

Ca. Fin. Code § 17340

Repealed and added by Stats. 1988, Ch. 1458, Sec. 28. Effective September 28, 1988.