§ 32421 Small Business Loan Securities

Financial Code·California

AI SummaryVerified

Key Takeaways

•The finance officer must put certain securities into a trust fund.
•These securities must have a guarantee of repayment from the Small Business Administration or another government authority.

Example

A company has some special bonds that the government promises to pay back if the company can't.

The finance officer must put these bonds into a trust fund to keep them safe and separate.

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

Official Source

View on CA.gov

§ 32421 Small Business Loan Securities

The finance officer shall place into the trust fund all securities held by the corporation which carry a guarantee of repayment issued by the Small Business Administration or guarantee of repayment issued by any other governmental authority. (Added by Stats. 1980, Ch. 819, Sec. 1.)

Last verified: January 23, 2026

Key Terms

corporation securities small business administration repayment authority

References

Official text at leginfo.legislature.ca.gov
California Legislature. Financial Code. Section 32421.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References