Section 18003.6 Of Article 1. Definitions From California Financial Code >> Division 7. >> Chapter 1. >> Article 1.
18003.6
. "Certificate of deposit" as that term is used by an
industrial loan company licensed under this division means an
investment certificate representing the obligation of an industrial
loan company to repay a nondemand deposit as deposit is defined in
Section 3(1) of the Federal Deposit Insurance Act.