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Corporations Code - CORP - CORP § 27200
Corporations Code - CORP - CORP § 27200
Every individual who solicits, receives, collects, or contracts for the payment of, any contributions, fees, funds, or compensation of any kind, in violation of this division, is civilly liable for the return of the full amount of that contribution, fee, or fund, together with re
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Corporations Code - CORP - CORP § 27201
Corporations Code - CORP - CORP § 27201
No action shall be maintained to enforce any liability created under Section 27200 unless brought before the expiration of two years after the violation upon which it is based or the expiration of one year after the discovery by the plaintiff of the facts constituting the violati
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Corporations Code - CORP - CORP § 27202
Corporations Code - CORP - CORP § 27202
Every individual who willfully violates Section 27101 is guilty of a public offense punishable by a fine not exceeding two hundred fifty thousand dollars ($250,000), or by imprisonment pursuant to subdivision (h) of Section 1170 of the Penal Code for two, three, or four years, or
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Corporations Code - CORP - CORP § 27500
Corporations Code - CORP - CORP § 27500
For purposes of this chapter, the following definitions apply: (a) “Commissioner” means the Commissioner of Financial Protection and Innovation. (b) “Covered entity” means a venture capital company that meets both of the following criteria: (1) The venture capital company primari
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Corporations Code - CORP - CORP § 27501
Corporations Code - CORP - CORP § 27501
(a) (1) Commencing March 1, 2026, a covered entity shall submit to the department the following information in a manner prescribed by the department: (A) The name of the covered entity. (B) The name, title, and email address of the person who serves as the designated point of con
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Corporations Code - CORP - CORP § 27502
Corporations Code - CORP - CORP § 27502
(a) (1) The department shall make the reports received pursuant to subdivision (b) of Section 27501 readily accessible, easily searchable, and easily downloadable on the department’s internet website. (2) The department may publish aggregate results or aggregate information based
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Corporations Code - CORP - CORP § 27503
Corporations Code - CORP - CORP § 27503
With respect to the investigative powers of the commissioner under this chapter, the commissioner may do the following at their discretion: (a) Make public or private investigations within or outside of this state as they deem necessary to determine whether a covered entity has v
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Corporations Code - CORP - CORP § 27504
Corporations Code - CORP - CORP § 27504
(a) With respect to the enforcement powers of the commissioner and the department under this chapter, all of the following apply: (1) The commissioner may take any action authorized by this chapter against a covered entity who fails to meet the requirements of Section 27501 or wh
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Corporations Code - CORP - CORP § 27505
Corporations Code - CORP - CORP § 27505
(a) (1) If, after an order has been served pursuant to Section 27504, a request for hearing is filed in writing within 30 days of the date of service of the order on the covered entity, a hearing shall be conducted in accordance with the Administrative Procedure Act (Chapter 5 (c
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Corporations Code - CORP - CORP § 27506
Corporations Code - CORP - CORP § 27506
(a) The commissioner may make, amend, and rescind any rules, forms, and orders as are necessary to carry out the provisions of this chapter, including rules and forms governing applications and reports, and defining any terms, whether or not used in this chapter, insofar as the d
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Corporations Code - CORP - CORP § 2800
Corporations Code - CORP - CORP § 2800
(a) All certificates representing shares of a social purpose corporation shall contain, in addition to any other statements required by this section, the following conspicuous language on the face of the certificate. “This entity is a social purpose corporation organized under Di
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Corporations Code - CORP - CORP § 28000
Corporations Code - CORP - CORP § 28000
This division shall be known and may be cited as the “Capital Access Company Law.”
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Corporations Code - CORP - CORP § 28001
Corporations Code - CORP - CORP § 28001
This division shall be liberally construed to accomplish its purposes.
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Corporations Code - CORP - CORP § 28002
Corporations Code - CORP - CORP § 28002
The provisions of the Corporate Securities Law of 1968 (Division 1 (commencing with Section 25000) of Title 4) shall apply to licensees.
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Corporations Code - CORP - CORP § 28003
Corporations Code - CORP - CORP § 28003
The Legislature finds all of the following: (a) It is necessary to increase job opportunities in the state. (b) Promoting the establishment, growth, and expansion of small business firms in this state is an efficient way to increase job opportunities in the state. (c) Small busin
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Corporations Code - CORP - CORP § 28004
Corporations Code - CORP - CORP § 28004
(a) The purpose of this division is to provide for the licensure and regulation of capital access companies that will provide risk capital and management assistance, primarily to small business firms in the state, to enable those companies to operate pursuant to the exemption fro
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Corporations Code - CORP - CORP § 28030
Corporations Code - CORP - CORP § 28030
Subject to additional definitions contained in this division which are applicable to specific provisions of this division, and unless the context otherwise requires, the definitions in this article apply throughout this division.
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Corporations Code - CORP - CORP § 28031
Corporations Code - CORP - CORP § 28031
“Accredited investor” means a person who is defined in Section 2(a)(15) of the Securities Act of 1933, or any other person that the Securities and Exchange Commission may so designate by rule, regulation, or order, who, by purchasing the securities of a licensee, provides the inv
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Corporations Code - CORP - CORP § 28032
Corporations Code - CORP - CORP § 28032
“Affiliate” means any person or persons controlling, controlled by, or under common control with, other specified persons.
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Corporations Code - CORP - CORP § 28033
Corporations Code - CORP - CORP § 28033
“Commissioner” means the Commissioner of Financial Protection and Innovation or their designee with respect to a particular matter.
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Corporations Code - CORP - CORP § 28034
Corporations Code - CORP - CORP § 28034
“Company” means a corporation, limited partnership, limited liability company, or other form of business entity, which is organized under the laws of the State of California.
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Corporations Code - CORP - CORP § 28035
Corporations Code - CORP - CORP § 28035
“Control” means the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a specified person.
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Corporations Code - CORP - CORP § 28036
Corporations Code - CORP - CORP § 28036
“Controlling person,” when used with respect to a specified person, means any person who controls the specified person, directly or indirectly, through one or more intermediaries.
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Corporations Code - CORP - CORP § 28037
Corporations Code - CORP - CORP § 28037
“Insolvent,” when used with respect to any person, means a person who has ceased to pay his or her debts in the ordinary course of business, who cannot pay his or her debts as they become due, or whose liabilities exceed his or her assets.
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Corporations Code - CORP - CORP § 28038
Corporations Code - CORP - CORP § 28038
“License” means a license issued under this division authorizing a licensee to transact business as a capital access company.