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Marginalia
Code · California · Financial Code

§ 18041

67 words·~1 min read·/ca/financial-code/18041

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)The commissioner may establish rules and regulations regarding the sale of any real property acquired pursuant to subdivision
(a)or
(b)of Section 18040, consistent with what constitutes sound business practices for industrial loan companies.
(b)Real property acquired pursuant to subdivision
(a)or
(b)of Section 18040 shall not be held for a longer period than five years without the written consent of the commissioner.
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