{"data":{"id":"us-ca/fin-31408","jurisdiction":"us-ca","citation":"FIN § 31408","heading":"","body":"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.","path":["Financial Code - FIN","DIVISION 15. BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS [31000. - 31952.]","CHAPTER 6. Transaction of Business [31400. - 31410.]"],"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":"f79ca1ffd1d2f95485f57d02bb04d30b38256ff8e6c8466abbe839c627f79596","source_id":"us-ca","stale":false,"prev":"us-ca/fin-31406","next":"us-ca/fin-31409"},"notice":"GroundRules: Original legal text. Not legal advice."}