Section 18339 Of Article 1. General From California Financial Code >> Division 7. >> Chapter 5. >> Article 1.
18339
. As of the operative date of this section:
(a) There is established an Industrial Loan Account in the
Financial Institutions Fund in the State Treasury.
(b) All money on deposit with the Treasurer in the State
Corporations Fund that has been received or collected by the
Commissioner of Corporations under this division or any other law
relating to industrial loan companies or the industrial loan
business, all other assets of the State Corporations Fund that have
been acquired by the Commissioner of Corporations under this division
or any other law relating to industrial loan companies or the
industrial loan business, and all liabilities of the State
Corporations Fund that have been incurred under this division or any
other law relating to industrial loan companies or the industrial
loan business shall be transferred to the Industrial Loan Account.