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2017 California Code
Financial Code - FIN
DIVISION 7 - INDUSTRIAL LOAN COMPANIES
CHAPTER 7 - Guarantee of Thrift Accounts
ARTICLE 3 - Purpose and Scope of Guaranty Corporation
Section 18520.
Universal Citation: CA Fin Code § 18520 (2017)
18520.
It shall be the purpose of Guaranty Corporation to guarantee full payment of guaranteed accounts of members, exclusive of special members, up to fifty thousand dollars ($50,000) for each account, subject to the express limitations provided in this chapter.
(Amended by Stats. 1985, Ch. 142, Sec. 27. Effective July 1, 1985.)
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