California Financial Code

§ 6503

FIN § 6503 Effective Jan 1, 2007Div. 2 · Ch. 4 · Art. 1

Statute text

(a)No association or subsidiary thereof, without the prior written consent of the commissioner, shall enter into either of the following:

(1)Any transaction or modification of any transaction with an affiliated person to buy, lease, or sell real or personal property, or take that property by gift.

(2)Any consulting contracts or contracts for services with an affiliated person.

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Legislative history

Amended by Stats. 2006, Ch. 538, Sec. 165. Effective January 1, 2007.