California Code
ARTICLE 1 - International and Foreign Banking and Financing Corporations
Section 1869.

1869. No corporation shall, either directly or indirectly, make any discount to any person for the purpose of enabling him to pay for or hold shares of its stock either subscribed for or purchased by him. Any corporation making any such discount shall forfeit to the people of the state twice the amount of such discount.

(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)

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Structure California Code

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 1850.

Section 1851.

Section 1852.

Section 1853.

Section 1854.

Section 1855.

Section 1856.

Section 1857.

Section 1858.

Section 1859.

Section 1860.

Section 1861.

Section 1862.

Section 1863.

Section 1864.

Section 1865.

Section 1866.

Section 1867.

Section 1868.

Section 1869.

Section 1870.

Section 1871.

Section 1872.

Section 1873.

Section 1874.

Section 1875.

Section 1876.

Section 1877.

Section 1878.

Section 1879.

Section 1880.

Section 1881.

Section 1882.

Section 1883.

Section 1884.

Section 1885.

Section 1886.

Section 1887.

Section 1888.

Section 1889.

Section 1890.

Section 1891.

Section 1892.

Section 1893.

Section 1894.

Section 1895.

Section 1896.

Section 1897.