§ 6454
50 words·~1 min read·
/ca/financial-code/6454A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No association by any system of accounting or any device of bookkeeping shall, either directly or indirectly, enter any of its assets upon its books in the name of any other person, partnership, association, or corporation or under any title or designation that is not truly descriptive of the assets.