California Financial Code

§ 17340

FIN § 17340 Effective Sep 28, 1988Div. 6 · Ch. 2.5 · Art. 4

Statute text

In the event the board of directors of Fidelity Corporation deem it necessary and prudent to raise additional moneys for payment of claims or expenses of administration, it may, with the commissioner’s written consent, borrow money against its assets, including future assessments.

Legislative history

Repealed and added by Stats. 1988, Ch. 1458, Sec. 28. Effective September 28, 1988.