California Financial Code

§ 18349.5

FIN § 18349.5 Effective Apr 4, 2011Div. 7 · Ch. 5 · Art. 1

Statute text

(a)For the purposes of this section, the following definitions are applicable:

(1)“Account holder” includes, in the case of an investment certificate account, an investment certificate holder; in the case of a trust account, each trustor and beneficiary of the trust account; and, in the case of any other fiduciary account, each person who occupies, with respect to the account, a position which is similar to the position that a trustor or beneficiary occupies with respect to a trust account.

(2)“Industrial loan company” means any corporation which falls within the definitions of Sections 18003 and 18003.5.

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Legislative history

Amended by Stats. 2011, Ch. 15, Sec. 110. (AB 109) Effective April 4, 2011. Operative October 1, 2011, by Sec. 636 of Ch. 15, as amended by Stats. 2011, Ch. 39, Sec. 68.