California Financial Code 32421 – The finance officer shall place into the trust fund all securities …
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The finance officer shall place into the trust fund all securities held by the corporation which carry a guarantee of repayment issued by the Small Business Administration or guarantee of repayment issued by any other governmental authority.
(Added by Stats. 1980, Ch. 819, Sec. 1.)
Terms Used In California Financial Code 32421
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.