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2018 California Code
Financial Code - FIN
DIVISION 7 - INDUSTRIAL LOAN COMPANIES
CHAPTER 6 - Prohibited Practices and Penalties
Section 18444.
Universal Citation: CA Fin Code § 18444 (2018)
18444.
Any officer or director held liable under Section 18443, who satisfies such liability is entitled to contribution from any other officer or director who participates in authorizing, making or allowing any such loan or guaranty, and is subrogated to all rights of the corporation against the borrower or principal obligor.
(Added by Stats. 1976, Ch. 964.)
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