GroundRules
FIN § 18018.4
Where this section sits in the code
- Financial Code - FIN
- DIVISION 7. INDUSTRIAL LOAN COMPANIES [18000. - 18707.]
- CHAPTER 1. General Provisions [18000. - 18063.]
- ARTICLE 1. Definitions [18000. - 18019.]
“Mandatory convertible debt,” as used in this division, means a subordinated debt instrument which requires the issuer to convert that instrument into common or perpetual preferred stock by a date at or before the maturity of the debt instrument. The maturity of those instruments shall be 12 years or less.
Collected 2026-09-14T05:56:33Z. Source file · JSON