Current through the 2024 Legislative Session.
Section 18681 - Activities and loans by company not maintaining branch in stateSection 18680 does not prohibit:
(a) Any foreign (other state) industrial loan company which does not maintain a California branch office from carrying on the activities described in subdivision (d) of Section 191 of the Corporations Code.(b) Any foreign (other state) industrial loan company which does not maintain a California branch office from making in this state loans secured by liens on real property located in this state.(c) Any foreign (other state) industrial loan company from having a California industrial loan company as its agent pursuant to Article 5 (commencing with Section 18700).Amended by Stats. 1996, Ch. 887, Sec. 55. Effective September 25, 1996.