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California Code, Financial Code - FIN § 18041

Current as of January 01, 2025 | Updated by Findlaw Staff

(a) The commissioner may establish rules and regulations regarding the sale of any real property acquired pursuant to subdivision (a) or (b) of Section 18040, consistent with what constitutes sound business practices for industrial loan companies.

(b) Real property acquired pursuant to subdivision (a) or (b) of Section 18040 shall not be held for a longer period than five years without the written consent of the commissioner.

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Cite this article: FindLaw.com - California Code, Financial Code - FIN § 18041 - last updated January 01, 2025 | https://codes.findlaw.com/ca/financial-code/fin-sect-18041/

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