§ 11162
78 words·~1 min read·
/ca/insurance-code/11162A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
It is a felony, punishable by imprisonment pursuant to subdivision
(h)of Section 1170 of the Penal Code, for any officer, director, agent or employee of any fraternal benefit society to, directly or indirectly, for himself or as partner or agent of others:
(a)Borrow any of the funds of such society.
(b)Become endorser or surety for loans by the society to others.
(c)In any manner be obligor for moneys borrowed or loaned by such society.