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Corporations Code - CORP - CORP § 28602

statute | California | California Legislative Counsel

Corporations Code - CORP - CORP § 28602

No licensee shall purchase all or substantially all of the business of any other person unless the purchase is first approved by the commissioner.

Corporations Code - CORP - CORP § 28603

statute | California | California Legislative Counsel

Corporations Code - CORP - CORP § 28603

No licensee shall sell all or substantially all of its business to any other person unless the other person is a licensee and the sale is first approved by the commissioner.

Corporations Code - CORP - CORP § 28604

statute | California | California Legislative Counsel

Corporations Code - CORP - CORP § 28604

The commissioner shall approve an application for approval of a merger, purchase, or sale, only if, after notice and a hearing, the commissioner finds all of the following: (a) That the merger, purchase, or sale will be safe and sound with respect to the acquiring licensee. (b) T

Corporations Code - CORP - CORP § 28650

statute | California | California Legislative Counsel

Corporations Code - CORP - CORP § 28650

Any licensee may offer to surrender its license by filing with the commissioner the license and a report, which shall (a) be in a form, (b) contain information, and (c) be signed and verified in a manner, that the commissioner may by regulation or order require.

Corporations Code - CORP - CORP § 28651

statute | California | California Legislative Counsel

Corporations Code - CORP - CORP § 28651

(a) Except as otherwise provided in subdivision (b), a voluntary surrender of a license shall be effective upon the issuance of an order by the commissioner accepting the offer of surrender and the report required under Section 28650. (b) If a proceeding to revoke or suspend a li

Corporations Code - CORP - CORP § 28700

statute | California | California Legislative Counsel

Corporations Code - CORP - CORP § 28700

For purposes of this chapter, unless the context otherwise requires: (a) “Office with a licensee” means the position of director, officer, or employee of the licensee or of any subsidiary of the licensee. (b) “Subject person,” when used with respect to a licensee, means any of th

Corporations Code - CORP - CORP § 28701

statute | California | California Legislative Counsel

Corporations Code - CORP - CORP § 28701

Whenever it appears to the commissioner that any person has violated, or that there is reasonable cause to believe that any person may violate, any provision of this division or of any regulation or order issued under this division, the commissioner may bring an action in the nam

Corporations Code - CORP - CORP § 28702

statute | California | California Legislative Counsel

Corporations Code - CORP - CORP § 28702

(a) If the commissioner finds that any person has violated, or that there is reasonable cause to believe that any person may violate, Section 28150, the commissioner may order the person to cease and desist from the violation unless and until the person is issued a license. (b) (

Corporations Code - CORP - CORP § 28703

statute | California | California Legislative Counsel

Corporations Code - CORP - CORP § 28703

The commissioner may issue a cease and desist order, including an order to take appropriate corrective action, if, after notice and a hearing, the commissioner finds either of the following: (a) That any licensee or any subject person of a licensee has violated, is violating, or

Corporations Code - CORP - CORP § 28704

statute | California | California Legislative Counsel

Corporations Code - CORP - CORP § 28704

(a) The commissioner may issue a cease and desist order, including an order to take appropriate corrective action, if the commissioner finds both of the following: (1) That any of the factors set forth in Section 28703 is true with respect to any licensee or any subject person of

Corporations Code - CORP - CORP § 28705

statute | California | California Legislative Counsel

Corporations Code - CORP - CORP § 28705

The commissioner may issue an order removing a subject person from that person’s office with the licensee, if any, and prohibiting that person from further participating in any manner in the conduct of the business of the licensee, if, after notice and a hearing, the commissioner

Corporations Code - CORP - CORP § 28706

statute | California | California Legislative Counsel

Corporations Code - CORP - CORP § 28706

The commissioner may issue an order removing a subject person from his or her office, if any, with the licensee and prohibiting him or her from further participating in any manner in the conduct of the business of the licensee, except with the prior consent of the commissioner, i

Corporations Code - CORP - CORP § 28707

statute | California | California Legislative Counsel

Corporations Code - CORP - CORP § 28707

(a) The commissioner may issue an order suspending a subject person from his or her office, if any, with the licensee and prohibiting him or her from further participating in any manner in the conduct of the business of the licensee, except with the consent of the commissioner, i

Corporations Code - CORP - CORP § 28708

statute | California | California Legislative Counsel

Corporations Code - CORP - CORP § 28708

(a) The commissioner may issue an order suspending a subject person from his or her office, if any, with the licensee and prohibiting him or her from further participating in any manner in the conduct of the business of the licensee, except with the consent of the commissioner, i

Corporations Code - CORP - CORP § 28709

statute | California | California Legislative Counsel

Corporations Code - CORP - CORP § 28709

Any person to whom an order is issued under Section 28705, 28706, 28707, or 28708 may apply to the commissioner to modify or rescind the order. The commissioner shall not grant the application unless the commissioner finds that it is in the public interest to do so and that it is

Corporations Code - CORP - CORP § 28710

statute | California | California Legislative Counsel

Corporations Code - CORP - CORP § 28710

The commissioner may issue an order suspending or revoking the license of a licensee, if, after notice and a hearing, the commissioner finds any of the following: (a) That the licensee or any controlling person or affiliate of the licensee has violated any provision of this divis

Corporations Code - CORP - CORP § 28711

statute | California | California Legislative Counsel

Corporations Code - CORP - CORP § 28711

(a) If the commissioner finds that any of the factors set forth in Section 28710 is true with respect to any licensee and that it is necessary for the protection of the public interest that the commissioner immediately suspend or revoke the license of the licensee, the commission

Corporations Code - CORP - CORP § 28712

statute | California | California Legislative Counsel

Corporations Code - CORP - CORP § 28712

Any person whose license is suspended or revoked shall immediately deliver the license to the commissioner.

Corporations Code - CORP - CORP § 28713

statute | California | California Legislative Counsel

Corporations Code - CORP - CORP § 28713

Any person to whom an order is issued under Section 28709 or 28710 may apply to the commissioner to modify or rescind the order. The commissioner shall not grant the application unless the commissioner finds that it is in the public interest to do so and that it is reasonable to

Corporations Code - CORP - CORP § 28714

statute | California | California Legislative Counsel

Corporations Code - CORP - CORP § 28714

(a) If the commissioner finds that any of the factors set forth in Section 28709 is true with respect to any licensee and that it is necessary for the protection of the interests of the licensee or the accredited investors of the licensee, or for the protection of the public inte

Corporations Code - CORP - CORP § 28715

statute | California | California Legislative Counsel

Corporations Code - CORP - CORP § 28715

Sections 11041, 11042, and 11043 of the Government Code do not apply to the Commissioner of Financial Protection and Innovation.

Corporations Code - CORP - CORP § 28716

statute | California | California Legislative Counsel

Corporations Code - CORP - CORP § 28716

(a) It is unlawful for any person to knowingly alter, destroy, mutilate, conceal, cover up, falsify, or make a false entry in any record, document, or tangible object with the intent to impede, obstruct, or influence the administration or enforcement of this division. (b) It is u

Corporations Code - CORP - CORP § 28800

statute | California | California Legislative Counsel

Corporations Code - CORP - CORP § 28800

It shall be unlawful for any person willfully to make any untrue statement of a material fact in any application, report, or other document filed with the commissioner under this division or under any regulation or order issued under this division, or willfully to omit to state i

Corporations Code - CORP - CORP § 28801

statute | California | California Legislative Counsel

Corporations Code - CORP - CORP § 28801

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 those books, accounts, or other records.

Corporations Code - CORP - CORP § 28802

statute | California | California Legislative Counsel

Corporations Code - CORP - CORP § 28802

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 the licensee, to omit to make an