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Financial Code - FIN - FIN § 31504
Financial Code - FIN - FIN § 31504
Each licensee shall, not more than 90 days after the close of each of its fiscal years or within such longer period as the commissioner may by regulation or order specify, file with the commissioner an audit report containing: (a) Financial statements (including balance sheet, st
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Financial Code - FIN - FIN § 31506
Financial Code - FIN - FIN § 31506
Each licensee, each director, officer, and employee of a licensee, and each parent and subsidiary of a licensee shall file with the commissioner such reports as and when the commissioner may by regulation or order require. In addition, each affiliate of a licensee (other than a p
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Financial Code - FIN - FIN § 31507
Financial Code - FIN - FIN § 31507
(a) The commissioner shall examine each licensee not less frequently than once each calendar year. (b) (1) The commissioner may at any time examine any licensee or any parent or subsidiary of a licensee. (2) The commissioner may at any time examine any office of any licensee with
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Financial Code - FIN - FIN § 31508
Financial Code - FIN - FIN § 31508
(a) No licensee shall, except with the prior approval of the commissioner, cause or permit any other person to make or keep any of its books, accounts, or other records. (b) In case any person other than a licensee makes or keeps any of the books, accounts, or other records of su
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Financial Code - FIN - FIN § 31509
Financial Code - FIN - FIN § 31509
The commissioner may publish any report 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 § 31550
Financial Code - FIN - FIN § 31550
No person shall, except with the prior approval of the commissioner, acquire control of a licensee.
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Financial Code - FIN - FIN § 31551
Financial Code - FIN - FIN § 31551
If the commissioner finds, with respect to an application for approval to acquire control of a licensee: (a) That the applicant and the directors and officers of the applicant are of good character and sound financial standing; (b) That it is reasonable to believe that, if the ap
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Financial Code - FIN - FIN § 31551.5
Financial Code - FIN - FIN § 31551.5
(a) For purposes of Section 31551, the commissioner may find: (1) That an applicant or a director or officer of an applicant is not of good character if such person has been convicted of, or has pleaded nolo contendere to, a crime involving fraud or dishonesty. (2) That an applic
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Financial Code - FIN - FIN § 31552
Financial Code - FIN - FIN § 31552
The commissioner may, by such regulations or orders as he or she deems necessary and appropriate, either unconditionally or upon specified terms and conditions or for specified periods, exempt from the provisions of this chapter any person or transaction or class of persons or tr
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Financial Code - FIN - FIN § 31600
Financial Code - FIN - FIN § 31600
In this chapter: (a) “Acquiring licensee” means: (1) In the case of a merger, the licensee which is the surviving corporation; (2) In the case of a purchase or sale, the licensee which is the purchaser. (b) “Disappearing corporation” has the meaning set forth in Section 165 of th
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Financial Code - FIN - FIN § 31601
Financial Code - FIN - FIN § 31601
No licensee shall merge with any other corporation unless: (a) In case such licensee is the surviving corporation, such merger shall have first been approved by the commissioner; (b) In case such licensee is a disappearing corporation, the surviving corporation is a licensee and
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Financial Code - FIN - FIN § 31602
Financial Code - FIN - FIN § 31602
No licensee shall purchase all or substantially all of the business of any other person unless such purchase shall have first been approved by the commissioner.
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Financial Code - FIN - FIN § 31603
Financial Code - FIN - FIN § 31603
No licensee shall sell all or substantially all of its business to any other person unless such other person is a licensee and such sale shall have first been approved by the commissioner.
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Financial Code - FIN - FIN § 31604
Financial Code - FIN - FIN § 31604
If the commissioner finds, with respect to an application for approval of a merger, purchase, or sale: (a) That the merger, purchase, or sale will be safe and sound with respect to the acquiring licensee; (b) That it is reasonable to believe that, upon consummation of the merger,
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Financial Code - FIN - FIN § 31605
Financial Code - FIN - FIN § 31605
The commissioner may, by such regulations or orders as he or she deems necessary and appropriate, either unconditionally or upon specified terms and conditions or for specified periods, exempt from the provisions of this chapter any person or transaction or class of persons or tr
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Financial Code - FIN - FIN § 31650
Financial Code - FIN - FIN § 31650
Any licensee may surrender its license by filing with the commissioner such license and a report which shall be in such form, shall contain such information, shall be signed in such manner, and shall (if the commissioner so requires by regulation or order) be verified in such man
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Financial Code - FIN - FIN § 31651
Financial Code - FIN - FIN § 31651
(a) Except as otherwise provided in subdivision (b), a voluntary surrender of a license shall be effective on the 30th day after such license and the report called for in Section 31650 are filed with the commissioner or on such earlier date as the commissioner may by order specif
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Financial Code - FIN - FIN § 31800
Financial Code - FIN - FIN § 31800
It shall be unlawful for any person willfully to make any untrue statement of a material fact in any application or report filed with the commissioner under this division or under any regulation or order issued under this division, or willfully to omit to state in any such applic
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Financial Code - FIN - FIN § 31801
Financial Code - FIN - FIN § 31801
It shall be unlawful for any person having custody of any of the books, accounts, or other records of a licensee willfully to refuse to allow the commissioner, upon request, to inspect or make copies of any of such books, accounts, or other records.
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Financial Code - FIN - FIN § 31802
Financial Code - FIN - FIN § 31802
It shall be unlawful for any person, with intent to deceive any director, officer, employee, auditor, or attorney of a licensee, the commissioner, or any governmental agency, to make any false entry in any of the books, accounts, or other records of such licensee, to omit to make
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Financial Code - FIN - FIN § 31820
Financial Code - FIN - FIN § 31820
In this article, unless the context otherwise requires: (a) “Adviser,” when used with respect to a licensee, means any person who regularly provides legal, accounting, or management services or advice to such licensee. (b) “Associate,” when used with respect to a licensee, means:
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Financial Code - FIN - FIN § 31821
Financial Code - FIN - FIN § 31821
(a) The commissioner may, by such regulations or orders as he or she deems necessary and appropriate, either unconditionally or upon specified terms and conditions and for specified periods, exempt from the provisions of this article any person or transaction or class of persons
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Financial Code - FIN - FIN § 31822
Financial Code - FIN - FIN § 31822
It shall be unlawful for any licensee, directly or indirectly, to provide financing assistance to any of its associates.
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Financial Code - FIN - FIN § 31823
Financial Code - FIN - FIN § 31823
(a) It shall be unlawful for any licensee, directly or indirectly, to provide financing assistance to any associate of another licensee if any associate of the first licensee receives, has received, or is about to receive, directly or indirectly, financing assistance or a commitm
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Financial Code - FIN - FIN § 31824
Financial Code - FIN - FIN § 31824
It shall be unlawful for any licensee or for any associate of a licensee, directly or indirectly, to borrow money from: (a) Any person to which such licensee has provided, or has committed to provide, financing assistance; (b) Any director of, officer of, or person who owns a 10