Cal. Fin. Code § 18342

Current through the 2023 Legislative Session.

Section 18342 - Powers conferred upon corporations by General Corporation Law in addition to powers specified in division

Industrial loan companies have the powers specified in this division. In addition, industrial loan companies have the general powers conferred upon corporations by the General Corporation Law. The powers granted, including those granted by the General Corporation Law, are subject to the supervision and control of, and the conditions imposed by, the commissioner.

Ca. Fin. Code § 18342

Amended by Stats. 1989, Ch. 663, Sec. 11. Operative January 1, 1991, by Sec. 20 of Ch. 663.