There is a newer version
of
this Section
2018 California Code
Labor Code - LAB
DIVISION 2 - EMPLOYMENT REGULATION AND SUPERVISION
PART 1 - COMPENSATION
CHAPTER 3 - Privileges and Perquisites
ARTICLE 2 - Bonds and Photographs
Section 407.
Universal Citation: CA Labor Code § 407 (2018)
407.
Investments and the sale of stock or an interest in a business in connection with the securing of a position are illegal as against the public policy of the State and shall not be advertised or held out in any way as a part of the consideration for any employment.
(Enacted by Stats. 1937, Ch. 90.)
Disclaimer: These codes may not be the most recent version. California may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
