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HomeFinancial CodeDiv. 7Ch. 5Art. 1§ 18359 Commissioner Orders On Investment Certificates

§ 18359 Commissioner Orders On Investment Certificates

Financial Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 18359 Commissioner Orders On Investment Certificates

Key Takeaways

  • •The boss in charge can tell a company to stop or slow down selling certain investments.
  • •The boss can also tell the company to hold onto the money they get from selling those investments.
  • •This only happens if the boss thinks something is wrong or risky.

Example

A company sells certificates to people to invest money, but the boss thinks the company is not being safe with the money.

The boss can tell the company to stop selling those certificates or to keep the money they get in a safe place until things are checked.

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

Official Source
View on CA.gov

§ 18359 Commissioner Orders On Investment Certificates

Whenever the commissioner is authorized to issue an order pursuant to Section 18357 or Section 18358 of this division, the commissioner may issue an order directing an industrial loan company to discontinue or limit the sale of its investment certificates or to impound the proceeds from the sale of its investment certificates in such manner as the commissioner may specify in such order. (Amended by Stats. 1989, Ch. 663, Sec. 16. Operative January 1, 1991, by Sec. 20 of Ch. 663.)

Last verified: January 23, 2026

Key Terms

commissionerindustrial loan companyinvestment certificatesSection 18357Section 18358

Related Statutes

  • § 18367 Investment Certificate Sales Halt
  • § 18344 Loan Office Business Restrictions
  • § 18345 Management Personnel Change Reporting
  • § 18347 Investment Certificate Regulations
  • § 18349 License Suspension Or Revocation

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 18359.
View Official Source