{"data":{"id":"us-ca/fin-18018.4","jurisdiction":"us-ca","citation":"FIN § 18018.4","heading":"","body":"“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.","path":["Financial Code - FIN","DIVISION 7. INDUSTRIAL LOAN COMPANIES [18000. - 18707.]","CHAPTER 1. General Provisions [18000. - 18063.]","ARTICLE 1. Definitions [18000. - 18019.]"],"source_url":"https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip","current_through":"2026-09-13","vintage":"","retrieved_at":"2026-09-14T05:56:33Z","sha256":"8d548bff982ed6a8d8cb5621f205d61a7d50edced08d39a55f8cffb35bb50a51","source_id":"us-ca","stale":false,"prev":"us-ca/fin-18018.3","next":"us-ca/fin-18018.5"},"notice":"GroundRules: Original legal text. Not legal advice."}