“Limited life preferred,” as used in this division, means preferred stock which has a maturity or which may be redeemed at the option of the holder.
Cal. Fin. Code § 18018.5
Definitions
Known as the Industrial Loan Law
The act spans §§ 18000–18707 (410 sections).
Added by Stats. 1989, Ch. 663, Sec. 1.5
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.