§ 18444
50 words·~1 min read·
/ca/financial-code/18444A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Any officer or director held liable under Section 18443, who satisfies such liability is entitled to contribution from any other officer or director who participates in authorizing, making or allowing any such loan or guaranty, and is subrogated to all rights of the corporation against the borrower or principal obligor.