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Financial Code - FIN - FIN § 31108
Financial Code - FIN - FIN § 31108
In determining whether to approve any application filed under this division or under any regulation or order issued under this division, the commissioner may consider proposals made by the applicant, including (but not limited to) proposals to appoint officers, sell securities, o
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Financial Code - FIN - FIN § 31109
Financial Code - FIN - FIN § 31109
The commissioner may honor applications from interested persons for interpretive opinions regarding any provision of this division or of any regulation or order issued under this division.
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Financial Code - FIN - FIN § 31110
Financial Code - FIN - FIN § 31110
(a) The commissioner may (1) make such public or private investigations within or outside this state as he or she deems necessary to determine whether to approve any application filed with him or her under this division or under any regulation or order issued under this division,
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Financial Code - FIN - FIN § 31110.5
Financial Code - FIN - FIN § 31110.5
The commissioner may provide information relating to a licensee to the Small Business Administration or to any governmental agency which licenses or regulates the licensee or any parent or subsidiary of the licensee.
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Financial Code - FIN - FIN § 31111
Financial Code - FIN - FIN § 31111
Notwithstanding the fact that the commissioner permits any licensee, any affiliate of a licensee, or any governmental agency to inspect or make copies of any record relating to a licensee or to any director, officer, employee, or affiliate of a licensee, or that the commissioner
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Financial Code - FIN - FIN § 31112
Financial Code - FIN - FIN § 31112
The commissioner may refer such evidence as is available concerning any violation of this division or of any regulation or order issued under this division which constitutes a crime to the district attorney of the county in which such violation occurred, who may, with or without
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Financial Code - FIN - FIN § 31113
Financial Code - FIN - FIN § 31113
Before any applicant for a license is issued a license, such applicant and each parent and subsidiary of such applicant shall file, and each person who becomes a parent or subsidiary of a licensee shall, not less than 30 days after becoming a parent or subsidiary of such licensee
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Financial Code - FIN - FIN § 31114
Financial Code - FIN - FIN § 31114
Whenever any person, including any nonresident of this state, engages in conduct prohibited or made actionable by this division or by any regulation or order issued under this division, whether or not the person has filed a consent to service of process under Section 31113, and i
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Financial Code - FIN - FIN § 31115
Financial Code - FIN - FIN § 31115
(a) Fees shall be paid to, and collected by, the commissioner, as follows: (1) The fee for filing with the commissioner an application for a license shall be two thousand dollars ($2,000). (2) The fee for filing with the commissioner an application for approval to acquire control
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Financial Code - FIN - FIN § 31150
Financial Code - FIN - FIN § 31150
(a) Except as otherwise provided in subdivision (b), no person transacting business in this state, other than a licensee, shall use any name or title which indicates that it is a business and industrial development corporation or otherwise represent that it is a business and indu
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Financial Code - FIN - FIN § 31151
Financial Code - FIN - FIN § 31151
No person other than a California corporation may apply for or be issued a license.
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Financial Code - FIN - FIN § 31152
Financial Code - FIN - FIN § 31152
If the commissioner finds all of the following with respect to an application for a license, the commissioner shall approve the application: (a) That the applicant has net worth in an amount which is not less than one million five hundred thousand dollars ($1,500,000) and which i
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Financial Code - FIN - FIN § 31152.5
Financial Code - FIN - FIN § 31152.5
(a) For purposes of Section 31152, the commissioner may find: (1) That a director, officer, or controlling person of an applicant is not of good character if the director, officer, or controlling person or any director or officer of the controlling person has been convicted of, o
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Financial Code - FIN - FIN § 31153
Financial Code - FIN - FIN § 31153
Before any applicant for a license is issued a license, each person which is a parent or subsidiary of such applicant shall file, and each person who becomes a parent or subsidiary of a licensee shall, not less than 30 days after becoming a parent or subsidiary of such licensee,
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Financial Code - FIN - FIN § 31154
Financial Code - FIN - FIN § 31154
Whenever any application for a license has been approved and all conditions precedent to the issuance of such license have been fulfilled, the commissioner shall issue a license to the applicant.
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Financial Code - FIN - FIN § 31155
Financial Code - FIN - FIN § 31155
No license shall be transferable or assignable.
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Financial Code - FIN - FIN § 31156
Financial Code - FIN - FIN § 31156
Each licensee shall post its license in a conspicuous place at its head office.
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Financial Code - FIN - FIN § 31157
Financial Code - FIN - FIN § 31157
No licensee shall represent that it is sponsored, recommended, or approved by, or that its abilities or qualifications have in any respect been passed upon by, the commissioner. Nothing in this section shall be deemed to prohibit a licensee from stating that it is licensed if the
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Financial Code - FIN - FIN § 31158
Financial Code - FIN - FIN § 31158
(a) The fact that a California corporation is licensed under any law other than this division shall not preclude such corporation from applying for or being issued a license under this division unless the transaction of business by such corporation as a licensee under such other
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Financial Code - FIN - FIN § 31200
Financial Code - FIN - FIN § 31200
The corporate name of each licensee shall include the phrase “California business and industrial development corporation”.
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Financial Code - FIN - FIN § 31201
Financial Code - FIN - FIN § 31201
No licensee shall, except with the prior approval of the commissioner, transact business under any name other than its corporate name.
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Financial Code - FIN - FIN § 31210
Financial Code - FIN - FIN § 31210
The board of directors of each licensee shall consist of not less than five directors.
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Financial Code - FIN - FIN § 31211
Financial Code - FIN - FIN § 31211
The board of directors of each licensee shall hold a meeting not less frequently than once each calendar quarter.
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Financial Code - FIN - FIN § 31220
Financial Code - FIN - FIN § 31220
Notwithstanding any other law of this state, but subject to the provisions of Section 31550: (a) Any commercial bank, industrial bank, or trust company organized under the laws of this state may, with the prior approval of the commissioner, acquire and hold securities issued by a
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Financial Code - FIN - FIN § 31230
Financial Code - FIN - FIN § 31230
In this article, “distribution to its shareholders” has the meaning set forth in Corporations Code Section 166.