Ca_Law

statute | California

Financial Code - FIN - FIN § 31231

  • UIDca_leginfo_codes:fin-31231
  • CitationFinancial Code - FIN - FIN § 31231
  • Court / bodyCalifornia Legislative Counsel
  • Decision dateN/A
  • CollectionPUBINFO_2025
  • SourceOriginal

Summary

No licensee shall, except with the prior approval of the commissioner, make, or obligate itself to make, any distribution to its shareholders.

Text

No licensee shall, except with the prior approval of the commissioner, make, or obligate itself to make, any distribution to its shareholders.

Retrieval chunks

  • #1 | Financial Code - FIN - FIN § 31231

    No licensee shall, except with the prior approval of the commissioner, make, or obligate itself to make, any distribution to its shareholders.