California Law (Last Updated: March 4, 2014) |
Financial Code - FIN |
Division 7. INDUSTRIAL LOAN COMPANIES |
Chapter 7. Guarantee of Thrift Accounts |
ARTICLE 3. Purpose and Scope of Guaranty Corporation |
Section 18520.
Latest version.
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It shall be the purpose of Guaranty Corporation to guarantee full payment of guaranteed accounts of members, exclusive of special members, up to fifty thousand dollars ($50,000) for each account, subject to the express limitations provided in this chapter.
(Amended by Stats. 1985, Ch. 142, Sec. 27. Effective July 1, 1985.)