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California Financial Code

§ 1881

FIN § 1881 Effective Jan 1, 2012Div. 1.1 · Ch. 21 · Art. 1
Whoever being connected in any capacity with any corporation represents in any way that the State of California is liable for the payment of any bond or other obligation, or the interest thereon, issued or incurred by any corporation, or that the State of California incurs any liability in respect of any act or omission of the corporation, shall be punished by a fine of not more than ten thousand dollars ($10,000) and by imprisonment pursuant to subdivision (h) of Section 1170 of the Penal Code.

Legislative history

Added by Stats. 2011, Ch. 243, Sec. 14. (SB 664) Effective January 1, 2012.

Source: California Financial Code § 1881 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.