California Legal Codes and Statutes

§ 1870

Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.

No corporation shall by any system of accounting or any device of bookkeeping, directly or indirectly enter any of its assets upon its books in the name of any other person, or under any title or designation that is not truly descriptive thereof.

Cite this section

Cal. Fin. Code § 1870 (2026)
https://ca.codecond.com/codes/fin/division-1-1-banking/chapter-21-international-and-foreign-banking-and-financing/article-1-international-and-foreign-banking-and-financing-corporations/section-1870

Other sections in Article 1 - International and Foreign Banking and Financing Corporations

§ 1850§ 1851§ 1852§ 1853§ 1854§ 1855§ 1856§ 1857§ 1858§ 1859…§ 1888§ 1889§ 1890§ 1891§ 1892§ 1893§ 1894§ 1895§ 1896§ 1897

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