GroundRules
FIN § 31824
Where this section sits in the code
- Financial Code - FIN
- DIVISION 15. BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS [31000. - 31952.]
- CHAPTER 12. Crimes and Criminal Penalties [31800. - 31881.]
- ARTICLE 2. Conflicts of Interest [31820. - 31829.]
It shall be unlawful for any licensee or for any associate of a licensee, directly or indirectly, to borrow money from:
(a) Any person to which such licensee has provided, or has committed to provide, financing assistance;
(b) Any director of, officer of, or person who owns a 10 percent or greater equity interest in, any person referred to in subdivision (a); or
(c) Any close relative of any person referred to in subdivision (b).
Collected 2026-09-14T05:56:33Z. Source file · JSON