reglab/housing_qa huggingface dataset:
CA Corp Code § 28043 (2021)
2021 California Code|Corporations Code - CORP|TITLE 4 - SECURITIES|DIVISION 3 - CAPITAL ACCESS COMPANIES|CHAPTER 1 - General Provisions|ARTICLE 2 - Definitions|Section 28043.

28043.  “Person” means any natural person, proprietorship, joint venture, partnership, trust, business trust, syndicate, association, joint stock company, corporation, limited liability company, government, agency of any government, or any other organization. However, “person,” when used with respect to acquiring control of or controlling a specified person, includes any combination of two or more persons acting in concert.(Added by Stats. 1998, Ch. 668, Sec. 3. Effective January 1, 1999. Operative July 1, 1999, by Sec. 4 of Ch. 668.)
CA Corp Code § 28044 (2021)
2021 California Code|Corporations Code - CORP|TITLE 4 - SECURITIES|DIVISION 3 - CAPITAL ACCESS COMPANIES|CHAPTER 1 - General Provisions|ARTICLE 2 - Definitions|Section 28044.

28044.  “Principal security holder,” means any person who owns, directly or indirectly, of record or beneficially, securities representing 10 percent or more of the voting power of the issuer of those securities.(Added by Stats. 1998, Ch. 668, Sec. 3. Effective January 1, 1999. Operative July 1, 1999, by Sec. 4 of Ch. 668.)
CA Corp Code § 28045 (2021)
2021 California Code|Corporations Code - CORP|TITLE 4 - SECURITIES|DIVISION 3 - CAPITAL ACCESS COMPANIES|CHAPTER 1 - General Provisions|ARTICLE 2 - Definitions|Section 28045.

28045.  “To provide financing assistance to a person” means to purchase securities issued by the person, either directly from the person, or indirectly through a securities underwriter.(Added by Stats. 1998, Ch. 668, Sec. 3. Effective January 1, 1999. Operative July 1, 1999, by Sec. 4 of Ch. 668.)
CA Corp Code § 28046 (2021)
2021 California Code|Corporations Code - CORP|TITLE 4 - SECURITIES|DIVISION 3 - CAPITAL ACCESS COMPANIES|CHAPTER 1 - General Provisions|ARTICLE 2 - Definitions|Section 28046.

28046.  “Security” has the meaning set forth in Section 25019.(Added by Stats. 1998, Ch. 668, Sec. 3. Effective January 1, 1999. Operative July 1, 1999, by Sec. 4 of Ch. 668.)
CA Corp Code § 28047 (2021)
2021 California Code|Corporations Code - CORP|TITLE 4 - SECURITIES|DIVISION 3 - CAPITAL ACCESS COMPANIES|CHAPTER 1 - General Provisions|ARTICLE 2 - Definitions|Section 28047.

28047.  “Small business firm” means a person that proposes to transact, or transacts, business on a regular and continuous basis in California and, together with its affiliates, has a net worth of not more than eighteen million dollars ($18,000,000) and average net income after federal income taxes, excluding any carryover losses, for the preceding two years no greater than six million dollars ($6,000,000).(Amended by Stats. 2010, Ch. 516, Sec. 2. (SB 1155) Effective January 1, 2011.)
CA Corp Code § 28047.1 (2021)
2021 California Code|Corporations Code - CORP|TITLE 4 - SECURITIES|DIVISION 3 - CAPITAL ACCESS COMPANIES|CHAPTER 1 - General Provisions|ARTICLE 2 - Definitions|Section 28047.1.

28047.1.  “Smaller business firm” means a person that proposes to transact, or transacts, business on a regular and continuous basis in California and, together with its affiliates, has a net worth of not more than six million dollars ($6,000,000), and average net income after federal income taxes, excluding any carryover losses, for the preceding two years no greater than two million dollars ($2,000,000).(Added by Stats. 2010, Ch. 516, Sec. 3. (SB 1155) Effective January 1, 2011.)
CA Corp Code § 28048 (2021)
2021 California Code|Corporations Code - CORP|TITLE 4 - SECURITIES|DIVISION 3 - CAPITAL ACCESS COMPANIES|CHAPTER 1 - General Provisions|ARTICLE 2 - Definitions|Section 28048.

28048.  “Subsidiary,” when used with respect to a specified person other than a natural person, means any person other than a natural person controlled by the specified person, directly or indirectly, through one or more intermediaries.(Added by Stats. 1998, Ch. 668, Sec. 3. Effective January 1, 1999. Operative July 1, 1999, by Sec. 4 of Ch. 668.)
CA Corp Code § 28049 (2021)
2021 California Code|Corporations Code - CORP|TITLE 4 - SECURITIES|DIVISION 3 - CAPITAL ACCESS COMPANIES|CHAPTER 1 - General Provisions|ARTICLE 2 - Definitions|Section 28049.

28049.  “Voting power” has the meaning set forth in Section 194.5.(Added by Stats. 1998, Ch. 668, Sec. 3. Effective January 1, 1999. Operative July 1, 1999, by Sec. 4 of Ch. 668.)
CA Corp Code § 28200 (2021)
2021 California Code|Corporations Code - CORP|TITLE 4 - SECURITIES|DIVISION 3 - CAPITAL ACCESS COMPANIES|CHAPTER 4 - Organizational Matters|ARTICLE 1 - Organization and Name|Section 28200.

28200.  The organizational documents of the licensee shall include the following statement:(a) The activities of the licensee are limited to the promotion of economic, business, or industrial development in the State of California through the provision of financial or managerial assistance primarily to small business firms and to other activities that are incidental or necessary to carry out that purpose.(b) The licensee will not engage in the business of issuing redeemable securities.(c) The security holders of the licensee are limited, on a class-by-class basis, to persons who reside in the State of California, or who have a substantial business presence in the State of California, and who hold not less than 80 percent of the licensee’s securities.(d) The securities of the licensee will be sold solely to accredited investors (Section 28031) and the licensee will not purchase any securities issued by an investment company as defined in Section 3 of the Investment Company Act of 1940 or issued by any company that would be an investment company except for the exclusions from that definition under paragraph (1) or (7) of Section 3(a) of that act, other than (1) any debt security that is rated investment grade by not less than one nationally recognized statistical rating organization or (2) any security issued by a registered open-end investment company that is required by its investment policies to invest not less than 65 percent of its total assets in securities described in paragraph (1) or securities that are determined by that registered open-end investment company to be comparable in quality to securities described in paragraph (1).(e) The licensee will engage in the transaction of business pursuant to the exemption from registration under the Investment Company Act of 1940 afforded to economic, business, and industrial development companies as provided for by Section 6(a)(5) of the Investment Company Act of 1940, as amended (15 U.S.C. Sec. 80a-6(a)), and a license pursuant to the Capital Access Company Law (Division 3 (commencing with Section 28000)).(f) The investment of funds by the licensee will be limited by and subject to the provisions of Section 6(a)(5) of the Investment Company Act of 1940, the Corporate Securities Law of 1968, and the Capital Access Company Law.(Added by Stats. 1998, Ch. 668, Sec. 3. Effective January 1, 1999. Operative July 1, 1999, by Sec. 4 of Ch. 668.)
CA Corp Code § 28201 (2021)
2021 California Code|Corporations Code - CORP|TITLE 4 - SECURITIES|DIVISION 3 - CAPITAL ACCESS COMPANIES|CHAPTER 4 - Organizational Matters|ARTICLE 1 - Organization and Name|Section 28201.

28201.  No licensee shall, except by prior written notice to the commissioner, transact business under any name other than its corporate name.(Added by Stats. 1998, Ch. 668, Sec. 3. Effective January 1, 1999. Operative July 1, 1999, by Sec. 4 of Ch. 668.)
CA Corp Code § 28210 (2021)
2021 California Code|Corporations Code - CORP|TITLE 4 - SECURITIES|DIVISION 3 - CAPITAL ACCESS COMPANIES|CHAPTER 4 - Organizational Matters|ARTICLE 2 - Directors|Section 28210.

28210.  Each licensee shall have a board of directors, executive committee, or other policy body, which shall consist of not less than three members.(Added by Stats. 1998, Ch. 668, Sec. 3. Effective January 1, 1999. Operative July 1, 1999, by Sec. 4 of Ch. 668.)
CA Corp Code § 28211 (2021)
2021 California Code|Corporations Code - CORP|TITLE 4 - SECURITIES|DIVISION 3 - CAPITAL ACCESS COMPANIES|CHAPTER 4 - Organizational Matters|ARTICLE 2 - Directors|Section 28211.

28211.  The board of directors, executive committee, or other policy body of each licensee shall hold a meeting not less frequently than once each calendar year.(Added by Stats. 1998, Ch. 668, Sec. 3. Effective January 1, 1999. Operative July 1, 1999, by Sec. 4 of Ch. 668.)
CA Corp Code § 28212 (2021)
2021 California Code|Corporations Code - CORP|TITLE 4 - SECURITIES|DIVISION 3 - CAPITAL ACCESS COMPANIES|CHAPTER 4 - Organizational Matters|ARTICLE 2 - Directors|Section 28212.

28212.  The board of directors, executive committee, or other policy body of each licensee shall approve the contract to be entered into between the licensee and any person who will make recommendations with respect to the investment of funds of the licensee.(Added by Stats. 1998, Ch. 668, Sec. 3. Effective January 1, 1999. Operative July 1, 1999, by Sec. 4 of Ch. 668.)
CA Corp Code § 28320 (2021)
2021 California Code|Corporations Code - CORP|TITLE 4 - SECURITIES|DIVISION 3 - CAPITAL ACCESS COMPANIES|CHAPTER 5 - Offices|ARTICLE 1 - Establishing, Relocating, and Closing Offices|Section 28320.

28320.  (a) No licensee shall relocate its head office without prior written notice to the commissioner.(b) No licensee shall establish, relocate, or close any office (other than its head office) unless it files a notice with the commissioner not less than two business days after taking the action.(Added by Stats. 1998, Ch. 668, Sec. 3. Effective January 1, 1999. Operative July 1, 1999, by Sec. 4 of Ch. 668.)
CA Corp Code § 28800 (2021)
2021 California Code|Corporations Code - CORP|TITLE 4 - SECURITIES|DIVISION 3 - CAPITAL ACCESS COMPANIES|CHAPTER 12 - Crimes and Criminal Penalties|ARTICLE 1 - General Provisions|Section 28800.

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 in any application, report or other document filed with the commissioner under this division any material fact which is required to be stated therein.(Added by Stats. 1998, Ch. 668, Sec. 3. Effective January 1, 1999. Operative July 1, 1999, by Sec. 4 of Ch. 668.)
CA Corp Code § 28801 (2021)
2021 California Code|Corporations Code - CORP|TITLE 4 - SECURITIES|DIVISION 3 - CAPITAL ACCESS COMPANIES|CHAPTER 12 - Crimes and Criminal Penalties|ARTICLE 1 - General Provisions|Section 28801.

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.(Added by Stats. 1998, Ch. 668, Sec. 3. Effective January 1, 1999. Operative July 1, 1999, by Sec. 4 of Ch. 668.)
CA Corp Code § 28802 (2021)
2021 California Code|Corporations Code - CORP|TITLE 4 - SECURITIES|DIVISION 3 - CAPITAL ACCESS COMPANIES|CHAPTER 12 - Crimes and Criminal Penalties|ARTICLE 1 - General Provisions|Section 28802.

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 any entry in those books, accounts or other records which the person is required to make, or to alter, conceal, or destroy any of those books, accounts, or other records.(Added by Stats. 1998, Ch. 668, Sec. 3. Effective January 1, 1999. Operative July 1, 1999, by Sec. 4 of Ch. 668.)
CA Corp Code § 28820 (2021)
2021 California Code|Corporations Code - CORP|TITLE 4 - SECURITIES|DIVISION 3 - CAPITAL ACCESS COMPANIES|CHAPTER 12 - Crimes and Criminal Penalties|ARTICLE 2 - Conflicts of Interest|Section 28820.

28820.  In this article, unless the context otherwise requires:(a) (1) “Associate,” when used with respect to a licensee, means all of the following:(A) Any principal shareholder, director, officer, manager, agent, or adviser of the licensee.(B) Any director, officer, partner, general manager, agent, employer, or employee of any person referred to in subparagraph (A).(C) Any person who controls, is controlled by, or is under common control with, any person referred to in subparagraph (A), directly or indirectly, through one or more intermediaries.(D) Any close relative of any person referred to in subparagraph (A).(E) Any person of whom any person referred to in subparagraphs (A) to (D), inclusive, is a director or officer.(F) Any person in whom any person referred to in subparagraphs (A) to (D), inclusive, or any combination of persons acting in concert owns or controls, directly or indirectly, a 10-percent or greater equity interest.(2) For purposes of this subdivision, any person who is in any of the relationships referred to in subparagraphs (A) to (F), inclusive, of paragraph (1) within six months before or after a licensee provides financing assistance shall be deemed to be in the relationship as of the date when the licensee provides the financing assistance.(3) For purposes of this subdivision, if a licensee, in order to protect its interests, designates any person to serve as a director of, officer of, or in any capacity in the management of, a small business firm to which the licensee provides financing assistance, the person shall not, on that account, be deemed to have any relationship with the small business firm. However, this paragraph shall not apply in any case where the person has, directly or indirectly, any other financial interest in the small business firm or where the person, at any time before the licensee provides the financing assistance, served as a director of, officer of, or in any other capacity in the management of, the small business firm for a period of 30 days or more.(b) “Close relative” means ancestor, lineal descendant, brother or sister and lineal descendants of either, spouse, father-in-law, mother-in-law, son-in-law, brother-in-law, daughter-in-law, or sister-in-law.(Repealed and added by Stats. 2010, Ch. 516, Sec. 14. (SB 1155) Effective January 1, 2011.)
CA Corp Code § 28880 (2021)
2021 California Code|Corporations Code - CORP|TITLE 4 - SECURITIES|DIVISION 3 - CAPITAL ACCESS COMPANIES|CHAPTER 12 - Crimes and Criminal Penalties|ARTICLE 3 - Criminal Penalties|Section 28880.

28880.  Any person who willfully violates any provision under this chapter shall upon conviction be fined not more than two hundred fifty thousand dollars ($250,000) or be imprisoned pursuant to subdivision (h) of Section 1170 of the Penal Code, or in a county jail for not more than one year, or be punished by both that fine and imprisonment.(Amended by Stats. 2011, Ch. 15, Sec. 50. (AB 109) Effective April 4, 2011. Operative October 1, 2011, by Sec. 636 of Ch. 15, as amended by Stats. 2011, Ch. 39, Sec. 68.)
CA Corp Code § 28881 (2021)
2021 California Code|Corporations Code - CORP|TITLE 4 - SECURITIES|DIVISION 3 - CAPITAL ACCESS COMPANIES|CHAPTER 12 - Crimes and Criminal Penalties|ARTICLE 3 - Criminal Penalties|Section 28881.

28881.  Nothing in this division limits the power of the state to punish any person for any act which constitutes a crime under any statute.(Added by Stats. 1998, Ch. 668, Sec. 3. Effective January 1, 1999. Operative July 1, 1999, by Sec. 4 of Ch. 668.)
CA Corp Code § 31100 (2021)
2021 California Code|Corporations Code - CORP|TITLE 4 - SECURITIES|DIVISION 5 - FRANCHISE INVESTMENT LAW|PART 2 - REGULATION OF THE SALE OF FRANCHISES|CHAPTER 1 - Exemptions|Section 31100.

31100.  There shall be exempted from any or all of the provisions of Chapter 2 (commencing with Section 31110) any other transaction which the commissioner by rule exempts as not being comprehended within the purposes of this law and the registration of which the commissioner finds is not necessary or appropriate in the public interest or for the protection of investors.(Amended by Stats. 1989, Ch. 1026, Sec. 1.)
CA Corp Code § 31102 (2021)
2021 California Code|Corporations Code - CORP|TITLE 4 - SECURITIES|DIVISION 5 - FRANCHISE INVESTMENT LAW|PART 2 - REGULATION OF THE SALE OF FRANCHISES|CHAPTER 1 - Exemptions|Section 31102.

31102.  The offer or sale of a franchise by a franchisee for his own account or the offer or sale of the entire area franchise owned by a subfranchisor for his own account, is exempted from the provisions of Section 31110 if the sale is not effected by or through a franchisor. A sale is not effected by or through a franchisor merely because a franchisor has a right to approve or disapprove a different franchisee.(Added by Stats. 1970, Ch. 1400.)
CA Corp Code § 31103 (2021)
2021 California Code|Corporations Code - CORP|TITLE 4 - SECURITIES|DIVISION 5 - FRANCHISE INVESTMENT LAW|PART 2 - REGULATION OF THE SALE OF FRANCHISES|CHAPTER 1 - Exemptions|Section 31103.

31103.  This division shall not be applicable to any transaction relating to a bank credit card plan. “Bank credit card plan” means a credit card plan in which the issuers of credit cards, as defined in subdivision (a) of Section 1747.02 of the Civil Code are only: banks regulated by or under the supervision of the Federal Reserve Board, the Federal Deposit Insurance Corporation, the Comptroller of the Currency of the United States, or the Commissioner of Financial Institutions of this state under Division 1 (commencing with Section 99) of the Financial Code; or, persons controlling these banks, provided that the assets of such a bank or banks represent a majority of the assets on a consolidated basis of any holding company system of which the card issuers may be a party; or, persons controlled by these banks.(Amended by Stats. 1996, Ch. 1064, Sec. 20. Effective January 1, 1997. Operative July 1, 1997, by Sec. 814 of Ch. 1064.)
CA Corp Code § 31104 (2021)
2021 California Code|Corporations Code - CORP|TITLE 4 - SECURITIES|DIVISION 5 - FRANCHISE INVESTMENT LAW|PART 2 - REGULATION OF THE SALE OF FRANCHISES|CHAPTER 1 - Exemptions|Section 31104.

31104.  There shall be exempted from the provisions of Chapter 2 (commencing with Section 31110) of this part the offer and sale of a franchise if the franchisor:(a) Is a petroleum corporation or distributor who is a wholesale distributor or marketer of petroleum products; doing business continuously for the past five years and who does not require an advance of funds in the nature of a fee or lease for such franchise agreements; not engaged in the production or the refining of petroleum; and (b) Complies with the provisions of subdivisions (c) and (d) of Section 31101. (c) For the purposes of subdivision (a) of this section: (1) A “wholesale distributor” or “marketer” means any entity which, for wholesale, purchases or receives through transfer, or otherwise obtains, by consignment or otherwise, refined petroleum products and resells or otherwise transfers such products, without substantially changing their form, to other purchasers. (2) An “advance of funds” means (A) a fee or lease for a franchise agreement, and (B) does not mean rent for the possession or use, or both, of premises or property, the purchase of inventory for resale or supplies, utility deposits, and other consideration or expenditures for the formation or operation, or both, of a wholesale distributor or marketer entity.(Amended by Stats. 1991, Ch. 379, Sec. 1.)
CA Corp Code § 31105 (2021)
2021 California Code|Corporations Code - CORP|TITLE 4 - SECURITIES|DIVISION 5 - FRANCHISE INVESTMENT LAW|PART 2 - REGULATION OF THE SALE OF FRANCHISES|CHAPTER 1 - Exemptions|Section 31105.

31105.  Any offer, sale, or other transfer of a franchise, or any interest in a franchise, to a resident of another state or any territory or foreign country, shall be exempted from the provisions of Chapter 2 (commencing with Section 31110) of this part, if all locations from which sales, leases or other transactions between the franchised business and its customers are made, or goods or services are distributed, are physically located outside this state.(Added by Stats. 1996, Ch. 477, Sec. 4. Effective January 1, 1997.)
CA Corp Code § 31106 (2021)
2021 California Code|Corporations Code - CORP|TITLE 4 - SECURITIES|DIVISION 5 - FRANCHISE INVESTMENT LAW|PART 2 - REGULATION OF THE SALE OF FRANCHISES|CHAPTER 1 - Exemptions|Section 31106.

31106.  There shall be exempted from the provisions of Chapter 2 (commencing with Section 31110) of this part, any offer, sale, or other transfer of a franchise or any interest in a franchise, provided that the offer, sale or transfer meets the requirements in subdivisions (a) and (b):(a) Any of the following conditions apply:(1) One or more of the owners of the prospective franchisee owning at least a 50 percent interest in the prospective franchisee meet both of the following:(A) The owner or owners have had, within the seven years before the date of the sale or other transaction, at least 24 months’ experience being responsible for the financial and operational aspects of a business offering products or services substantially similar to those offered by the franchised business.(B) The owner or owners are not controlled by the franchisor.(2) One or more of the owners of the prospective franchisee owning at least a 50 percent interest in the prospective franchisee meet both of the following:(A) The owner or owners are, or have been within 60 days prior to the sale or other transaction, an officer, director, managing agent, or an owner of at least a 25 percent interest in the franchisor for at least 24 months.(B) The owner or owners are not controlled by the franchisor.(3) The offer, sale, or other transfer is of an additional franchise to an existing franchisee of the franchisor, or to an entity, one or more of the officers, directors, managing agents or owners of at least a 25 percent interest of which is an existing franchisee of the franchisor; provided that, in either case, for 24 months or more the franchisee, or the qualifying person, has been engaged in a business offering products or services substantially similar to those to be offered by the franchise being sold, or otherwise transferred.(b) The franchisor files with the commissioner a notice of exemption and pays the fee prescribed in subdivision (f) of Section 31500 no later than 15 calendar days after the sale of a franchise in this state pursuant to this section.(Added by Stats. 1996, Ch. 477, Sec. 5. Effective January 1, 1997.)
CA Corp Code § 31107 (2021)
2021 California Code|Corporations Code - CORP|TITLE 4 - SECURITIES|DIVISION 5 - FRANCHISE INVESTMENT LAW|PART 2 - REGULATION OF THE SALE OF FRANCHISES|CHAPTER 1 - Exemptions|Section 31107.

31107.  There shall be exempted from the provisions of Chapter 2 (commencing with Section 31110) of this part, any offer (but not the sale) by a franchisor of a franchise while an application for renewal or amendment is pending if the prospective franchisee receives all of the following:(a) The franchise disclosure document and its exhibits as filed with the commissioner with the application for renewal or amendment.(b) A written statement from the franchisor that (1) the filing has been made but is not effective, (2) the information in the franchise disclosure document and exhibits has not been reviewed by the commissioner, and (3) the franchisor will deliver to the prospective franchisee an effective franchise disclosure document and exhibits at least 14 days prior to execution by the prospective franchisee of a binding agreement or payment of any consideration to the franchisor, or any person affiliated with the franchisor, whichever occurs first, showing all material changes from the franchise disclosure document and exhibits received by the prospective franchisee under subdivision (a) of this section.(c) The franchise disclosure document and exhibits in accordance with paragraph (3) of subdivision (b) of this section.(Amended by Stats. 2013, Ch. 334, Sec. 2. (SB 537) Effective January 1, 2014.)