There is a newer version
of
this Section
2020 California Code
Financial Code - FIN
DIVISION 1.1 - BANKING
CHAPTER 21 - International and Foreign Banking and Financing
ARTICLE 1 - International and Foreign Banking and Financing Corporations
Section 1870.
Universal Citation: CA Fin Code § 1870 (2020)
1870.
No corporation shall by any system of accounting or any device of bookkeeping, directly or indirectly enter any of its assets upon its books in the name of any other person, or under any title or designation that is not truly descriptive thereof.
(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)
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.
