California Financial Code

§ 17304

FIN § 17304 Effective Jan 1, 2002Div. 6 · Ch. 2.5 · Art. 1

Statute text

“Loss,” within the meaning of this chapter, means the loss of trust obligations held by a member within the State of California as a result of the fraudulent or dishonest abstraction, misappropriation, or embezzlement of trust obligations by an officer, director, trustee, stockholder, manager, or employee of a member.

Legislative history

Amended by Stats. 2001, Ch. 662, Sec. 2. Effective January 1, 2002.