California Legal Codes and Statutes

§ 407

Enacted by Stats. 1937, Ch. 90.

Investments and the sale of stock or an interest in a business in connection with the securing of a position are illegal as against the public policy of the State and shall not be advertised or held out in any way as a part of the consideration for any employment.

Cite this section

Cal. Lab. Code § 407 (2026)
https://ca.codecond.com/codes/lab/division-2-employment-regulation-and-supervision/part-1-compensation/chapter-3-privileges-and-perquisites/article-2-bonds-and-photographs/section-407

Other sections in Article 2 - Bonds and Photographs

§ 400§ 401§ 402§ 403§ 404§ 405§ 406§ 407§ 408§ 409§ 410

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