California Law (Last Updated: March 4, 2014) |
Labor Code - LAB |
Division 2. EMPLOYMENT REGULATION AND SUPERVISION |
Part 1. COMPENSATION |
Chapter 3. Privileges and Perquisites |
ARTICLE 2. Bonds and Photographs |
Section 407.
Latest version.
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Investments and the sale of stock or an interest in a business in connection with the securing of a position are illegal as against the public policy of the State and shall not be advertised or held out in any way as a part of the consideration for any employment.
(Enacted by Stats. 1937, Ch. 90.)