18452. Every officer or employee of an industrial loan company, its holding company, or its affiliates who sells investment or thrift certificates knowing that the company is insolvent, is guilty of a misdemeanor.(Amended by Stats. 1980, Ch. 418, Sec. 13.)
California Legal Code
§ 18452
Source: https://leginfo.legislature.ca.gov/faces/codes_displayText.xhtml?lawCode=FIN&division=7.&title=&part=&chapter=6.&article=· Version 2026