§ 18139 Industrial Loan Company Transactions

Financial Code·California

AI SummaryVerified

This law says that if two special types of money businesses want to join together or one wants to buy the other, they have to follow extra rules.

Key Takeaways

•This only applies to special money businesses called 'industrial loan companies' and banks or savings groups.
•If these businesses want to merge or one wants to buy the other, they must follow extra rules.
•The extra rules are in a different part of the law called Division 1.6.

Example

If a small local bank wants to buy another small bank that gives loans to factories, they can't just do it quickly.

They have to follow a bunch of extra steps and rules to make sure it's fair and safe for everyone.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 18139 Industrial Loan Company Transactions

A sale, merger, or conversion involving an industrial loan company and another industrial loan company, a bank, or a savings association is subject to Division 1.6 (commencing with Section 4800). (Amended by Stats. 2016, Ch. 277, Sec. 10. (AB 2907) Effective January 1, 2017.)

Last verified: January 11, 2026

Key Terms

industrial loan company sale merger conversion Division 1.6

References

Official text at leginfo.legislature.ca.gov
California Legislature. Financial Code. Section 18139.

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Key Takeaways

Example

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Related Statutes

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