Fin. Code, § 31824 · Article 2. Conflicts of Interest
Fin. Code, § 31824
Verbatim from the official edition
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
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).
Notes and commentary — not statutory text
History
Added by Stats. 1977, Ch. 1164.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=31824.
- Text hash
- sha256 4854aa87e2992319e3ffb5997f0821fae78819fd4d43ad08a66365279eb158d5
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.