GroundRules
FIN § 31408
Where this section sits in the code
- Financial Code - FIN
- DIVISION 15. BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS [31000. - 31952.]
- CHAPTER 6. Transaction of Business [31400. - 31410.]
No licensee shall, except with the prior approval of the commissioner, guarantee the debt of any other person or otherwise lend its credit to any other person; provided, however, that, whenever a licensee sells to another person an obligation to pay money, which obligation is owned by such licensee, such licensee may guarantee the payment of such obligation.
Collected 2026-09-14T05:56:33Z. Source file · JSON