reglab/housing_qa huggingface dataset:
CA Fin Code § 31000 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 1 - General Provisions|ARTICLE 1 - Short Title, Construction, and Severability|Section 31000.

31000.  This division shall be known and may be cited as the “Business and Industrial Development Corporations Law”.(Added by Stats. 1977, Ch. 1164.)
CA Fin Code § 31001 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 1 - General Provisions|ARTICLE 1 - Short Title, Construction, and Severability|Section 31001.

31001.  This division shall be liberally construed to accomplish its purposes.(Added by Stats. 1977, Ch. 1164.)
CA Fin Code § 31002 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 1 - General Provisions|ARTICLE 1 - Short Title, Construction, and Severability|Section 31002.

31002.  No provision of this division imposing any liability applies to any act committed in good faith in conformity with any regulation, order, or written interpretive opinion of the commissioner or any such opinion of the Attorney General, notwithstanding that such regulation, order, or written interpretive opinion may later be amended, rescinded, or repealed or be determined by judicial or other authority to be invalid for any reason.(Amended by Stats. 1996, Ch. 1064, Sec. 623. Effective January 1, 1997. Operative July 1, 1997.)
CA Fin Code § 31003 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 1 - General Provisions|ARTICLE 1 - Short Title, Construction, and Severability|Section 31003.

31003.  In this division, unless otherwise expressly provided:(a) A reference to a statute or to a regulation includes such statute or regulation as amended, whether before or after the effective date of this division, as well as any new statute or regulation substituted for such statute or regulation after the effective date of this division.(b) A reference to a governmental agency or to a public officer includes any governmental agency or public officer which succeeds after the effective date of this division to substantially the same functions as those performed by such governmental agency or public officer on the effective date of this division.(Added by Stats. 1977, Ch. 1164.)
CA Fin Code § 31004 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 1 - General Provisions|ARTICLE 1 - Short Title, Construction, and Severability|Section 31004.

31004.  Except as otherwise provided in Chapter 14 (commencing with Section 31950) of this division:(a) The provisions of the Nonprofit Corporation Law (Division 2 (commencing with Section 5000) of Title 1 of the Corporations Code) shall apply to any licensee which is a California nonprofit corporation; provided, however, that, whenever any provision of the Nonprofit Corporation Law conflicts with any provision of this division or of any regulation or order issued under this division, such provision of the Nonprofit Corporation Law shall not apply and such provision of this division or of such regulation or order issued under this division shall apply.(b) The provisions of the General Corporation Law (Division 1 (commencing with Section 100), Title 1 of the Corporations Code) shall apply to any licensee other than a licensee which is a California nonprofit corporation; provided, however, that, whenever any provision of the General Corporation Law conflicts with any provision of this division or of any regulation or order issued under this division, such provision of the General Corporation Law shall not apply and such provision of this division or of such regulation or order issued under this division shall apply.(Amended by Stats. 1980, Ch. 1155, Sec. 32.)
CA Fin Code § 31006 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 1 - General Provisions|ARTICLE 1 - Short Title, Construction, and Severability|Section 31006.

31006.  If any provision of this division or the application thereof to any person or circumstances is held invalid, illegal, or unenforceable, such invalidity, illegality, or unenforceability shall not affect other provisions or applications of this division which can be given effect without the invalid, illegal, or unenforceable provision or application, and to this end, the provisions of this division are declared to be severable.(Added by Stats. 1977, Ch. 1164.)
CA Fin Code § 31020 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 1 - General Provisions|ARTICLE 2 - Legislative Findings and Purposes|Section 31020.

31020.  The Legislature finds all of the following:(a) That it is necessary to increase job opportunities in this state.(b) That promoting the establishment, growth, and expansion of business firms in this state is an efficient way to increase job opportunities in this state. (c) That it is appropriate to provide for the licensing and regulation of business and industrial development corporations which will provide financing assistance and management assistance primarily to business firms in this state.(d) That the federal government, through the Small Business Administration and other federal agencies, offers programs for providing, through such intermediaries as business and industrial development corporations, financing assistance and management assistance to business firms in this state.(e) That, in order that this state may obtain the full benefits of such programs, it is necessary that this state provide for the licensing and regulation of business and industrial development corporations.(f) That only California corporations should be licensed to transact business as business and industrial development corporations because, compared with other types of persons, California corporations can be more effectively regulated and supervised, have greater permanency of existence, and can give better assurance of uninterrupted service.(Amended by Stats. 1987, Ch. 867, Sec. 2.)
CA Fin Code § 31021 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 1 - General Provisions|ARTICLE 2 - Legislative Findings and Purposes|Section 31021.

31021.  (a) The purposes of this division are:(1) To provide for the licensing and regulation of business and industrial development corporations which will provide financing assistance and management assistance primarily to business firms in this state.(2) To provide for the licensing and regulation of business and industrial development corporations so that such corporations will constitute state development companies for purposes of Sections 501 and 502 of the Small Business Investment Act of 1958 and eligible lending institutions for purposes of Section 7(a) of the Small Business Act.(3) To provide for the safe and sound conduct of the business of licensees.(4) To maintain the confidence of the Small Business Administration and other governmental agencies in licensees.(b) The purposes of this division, as set forth in subdivision (a), constitute standards which the commissioner shall observe in administering the provisions of this division.(Amended by Stats. 1996, Ch. 1064, Sec. 624. Effective January 1, 1997. Operative July 1, 1997.)
CA Fin Code § 31030 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 1 - General Provisions|ARTICLE 3 - Definitions|Section 31030.

31030.  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.(Added by Stats. 1977, Ch. 1164.)
CA Fin Code § 31031 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 1 - General Provisions|ARTICLE 3 - Definitions|Section 31031.

31031.  “Act” includes omission.(Added by Stats. 1977, Ch. 1164.)
CA Fin Code § 31032 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 1 - General Provisions|ARTICLE 3 - Definitions|Section 31032.

31032.  “Affiliate”, when used with respect to a specified person, means any person (other than a natural person) controlling, controlled by, or under common control with, such specified person, directly or indirectly through one or more intermediaries.(Added by Stats. 1977, Ch. 1164.)
CA Fin Code § 31033 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 1 - General Provisions|ARTICLE 3 - Definitions|Section 31033.

31033.  “Business day” means any day other than (a) Saturday, (b) Sunday, and(c) any other day which is specified or provided for as a holiday in the Government Code.(Added by Stats. 1977, Ch. 1164.)
CA Fin Code § 31034 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 1 - General Provisions|ARTICLE 3 - Definitions|Section 31034.

31034.  “Business firm” means any person which transacts business on a regular and continual basis, with respect to the transacting of such business.(Added by Stats. 1977, Ch. 1164.)
CA Fin Code § 31034.5 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 1 - General Provisions|ARTICLE 3 - Definitions|Section 31034.5.

31034.5.  “Business firm in another state” means both of the following:(a) Any person which transacts business on a regular and continual basis at one or more places of business in another state of the United States or the District of Columbia, with respect to the transacting of that business at those places of business.(b) Any person which proposes to establish one or more places of business in another state of the United States or in the District of Columbia and to transact business on a regular and continual basis at those places of business, with respect to the establishment of those places of business and the transacting of that business at those places of business.(Added by Stats. 1987, Ch. 867, Sec. 4.)
CA Fin Code § 31035 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 1 - General Provisions|ARTICLE 3 - Definitions|Section 31035.

31035.  “Business firm in this state” means:(a) Any person which transacts business on a regular and continual basis at one or more places of business in this state, with respect to the transacting of such business at such places of business; or(b) Any person which proposes to establish one or more places of business in this state and to transact business on a regular and continual basis at such places of business, with respect to the establishment of such places of business and the transacting of such business at such places of business.(Added by Stats. 1977, Ch. 1164.)
CA Fin Code § 31036 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 1 - General Provisions|ARTICLE 3 - Definitions|Section 31036.

31036.  “California corporation” means:(a) Any corporation organized under the General Corporation Law (Division 1 (commencing with Section 100), Title 1 of the Corporations Code) or any predecessor statute; provided, however, that “California corporation” does not include any corporation which is a close corporation, as defined in Section 158 of the Corporations Code; or(b) Any corporation organized under Part 6 (commencing with Section 14200), Division 3, Title 1 of the Corporations Code, as added by Chapter 985 of the Statutes of 1975; or(c) Any California nonprofit corporation.(Added by Stats. 1977, Ch. 1164.)
CA Fin Code § 31037 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 1 - General Provisions|ARTICLE 3 - Definitions|Section 31037.

31037.  “California nonprofit corporation” means any corporation organized under the Nonprofit Corporation Law (Division 2 (commencing with Section 5000) of Title 1 of the Corporations Code) or any predecessor statute.(Amended by Stats. 1980, Ch. 1155, Sec. 33.)
CA Fin Code § 31038 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 1 - General Provisions|ARTICLE 3 - Definitions|Section 31038.

31038.  “Control”, when used with respect to a specified person, means possession, direct or indirect, of the power to do either of the following:(a) To vote 35 percent or more of any class of the voting securities issued by the specified person.(b) To direct or cause the direction of the management and policies of such specified person, whether through the ownership of voting securities, by contract (other than a commercial contract for goods or nonmanagement services), or otherwise; provided, however, that no natural person shall be deemed to control a person solely on account of being a director, officer, or employee of such person. For purposes of this subdivision, any person who, directly or indirectly, owns of record or beneficially, holds with power to vote, or holds proxies with discretionary authority to vote, 20 percent or more of any class of the then outstanding voting securities issued by a corporation shall be rebuttably presumed to control such corporation. This presumption is a presumption affecting the burden of proof.(Amended by Stats. 1987, Ch. 867, Sec. 5.)
CA Fin Code § 31039 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 1 - General Provisions|ARTICLE 3 - Definitions|Section 31039.

31039.  “Controlling person”, when used with respect to a specified person, means any person who controls such specified person, directly or indirectly through one or more intermediaries.(Added by Stats. 1977, Ch. 1164.)
CA Fin Code § 31040 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 1 - General Provisions|ARTICLE 3 - Definitions|Section 31040.

31040.  “Corporate name” means the name of a corporation as set forth in the articles of incorporation of such corporation.(Added by Stats. 1977, Ch. 1164.)
CA Fin Code § 31041 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 1 - General Provisions|ARTICLE 3 - Definitions|Section 31041.

31041.  “Financial institution” means any commercial bank, trust company, savings and loan association, credit union, industrial loan company, insurance company, or person engaged in the business of lending money.(Added by Stats. 1977, Ch. 1164.)
CA Fin Code § 31042 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 1 - General Provisions|ARTICLE 3 - Definitions|Section 31042.

31042.  “Insolvent”, when used with respect to any person, means a person who has ceased to pay his debts in the ordinary course of business, who cannot pay his debts as they become due, or whose liabilities exceed his assets.(Added by Stats. 1977, Ch. 1164.)
CA Fin Code § 31043 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 1 - General Provisions|ARTICLE 3 - Definitions|Section 31043.

31043.  To “issue”, when used with respect to any regulation or order, includes to adopt, amend, repeal, or rescind.(Added by Stats. 1977, Ch. 1164.)
CA Fin Code § 31044 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 1 - General Provisions|ARTICLE 3 - Definitions|Section 31044.

31044.  “License” means a license issued under this division authorizing a California corporation to transact business as a business and industrial development corporation.(Added by Stats. 1977, Ch. 1164.)
CA Fin Code § 31045 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 1 - General Provisions|ARTICLE 3 - Definitions|Section 31045.

31045.  “Licensee” means a California corporation which is licensed under this division.(Added by Stats. 1977, Ch. 1164.)
CA Fin Code § 31046 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 1 - General Provisions|ARTICLE 3 - Definitions|Section 31046.

31046.  “Officer” means:(a) When used with respect to a corporation, any person appointed or designated as an officer of such corporation by or pursuant to applicable law or the articles of incorporation or bylaws of such corporation or any person who performs with respect to such corporation functions usually performed by an officer of a corporation; and(b) When used with respect to a specified person other than a natural person or a corporation, any person who performs with respect to such specified person functions usually performed by an officer of a corporation with respect to such corporation.(Added by Stats. 1977, Ch. 1164.)
CA Fin Code § 31047 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 1 - General Provisions|ARTICLE 3 - Definitions|Section 31047.

31047.  “Order” means any approval, consent, authorization, exemption, denial, prohibition, or requirement applicable to a specific case issued by the commissioner. “Order” includes any condition of a license and any agreement made by any person with the commissioner under this division.(Amended by Stats. 1996, Ch. 1064, Sec. 625. Effective January 1, 1997. Operative July 1, 1997.)
CA Fin Code § 31047.5 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 1 - General Provisions|ARTICLE 3 - Definitions|Section 31047.5.

31047.5.  “Parent,” when used with respect to a specified person other than a natural person, means any person other than a natural person which controls the specified person, directly or indirectly through one or more intermediaries.(Added by Stats. 1987, Ch. 867, Sec. 6.)
CA Fin Code § 31048 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 1 - General Provisions|ARTICLE 3 - Definitions|Section 31048.

31048.  “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; provided, however, that “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.(Amended by Stats. 1994, Ch. 1010, Sec. 119. Effective January 1, 1995.)
CA Fin Code § 31049 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 1 - General Provisions|ARTICLE 3 - Definitions|Section 31049.

31049.  “Principal shareholder”, when used with respect to a corporation, means any person who owns, directly or indirectly, of record or beneficially, securities representing 10 percent or more of the voting power of such corporation.(Added by renumbering Section 31047 by Stats. 1982, Ch. 1570, Sec. 5.)
CA Fin Code § 31050 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 1 - General Provisions|ARTICLE 3 - Definitions|Section 31050.

31050.  To “provide financing assistance” to a person includes:(a) To lend money or otherwise extend credit to such person;(b) To purchase securities issued by such person, either directly or indirectly through an underwriter; and(c) To lease property to such person.(Added by renumbering Section 31048 by Stats. 1982, Ch. 1570, Sec. 6.)
CA Fin Code § 31051 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 1 - General Provisions|ARTICLE 3 - Definitions|Section 31051.

31051.  To “provide management assistance” to a person includes:(a) To provide management or technical advice to such person; and(b) To provide management or technical services to such person.(Added by renumbering Section 31049 by Stats. 1982, Ch. 1570, Sec. 7.)
CA Fin Code § 31052 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 1 - General Provisions|ARTICLE 3 - Definitions|Section 31052.

31052.  “Regulation” means any published regulation, rule, or standard of general application issued by the commissioner.(Amended by Stats. 1996, Ch. 1064, Sec. 626. Effective January 1, 1997. Operative July 1, 1997.)
CA Fin Code § 31053 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 1 - General Provisions|ARTICLE 3 - Definitions|Section 31053.

31053.  “Security” has the meaning set forth in Section 25019 of the Corporations Code.(Added by Stats. 1977, Ch. 1164.)
CA Fin Code § 31054 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 1 - General Provisions|ARTICLE 3 - Definitions|Section 31054.

31054.  “Subsidiary”, when used with respect to a specified person other than a natural person, means any person other than a natural person controlled by such specified person, directly or indirectly through one or more intermediaries.(Added by Stats. 1977, Ch. 1164.)
CA Fin Code § 31055 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 1 - General Provisions|ARTICLE 3 - Definitions|Section 31055.

31055.  “Commissioner” means the Commissioner of Business Oversight, or other person to whom the commissioner delegates the authority to act for him or her in the particular matter.(Amended by Stats. 2013, Ch. 353, Sec. 67. (SB 820) Effective September 26, 2013. Operative July 1, 2013, by Sec. 129 of Ch. 353.)
CA Fin Code § 31056 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 1 - General Provisions|ARTICLE 3 - Definitions|Section 31056.

31056.  “Voting power” has the meaning set forth in Corporations Code Section 194.5.(Added by Stats. 1977, Ch. 1164.)
CA Fin Code § 31200 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 4 - Corporate Matters|ARTICLE 1 - Name|Section 31200.

31200.  The corporate name of each licensee shall include the phrase “California business and industrial development corporation”.(Added by Stats. 1977, Ch. 1164.)
CA Fin Code § 31201 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 4 - Corporate Matters|ARTICLE 1 - Name|Section 31201.

31201.  No licensee shall, except with the prior approval of the commissioner, transact business under any name other than its corporate name.(Amended by Stats. 1996, Ch. 1064, Sec. 650. Effective January 1, 1997. Operative July 1, 1997.)
CA Fin Code § 31210 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 4 - Corporate Matters|ARTICLE 2 - Board of Directors|Section 31210.

31210.  The board of directors of each licensee shall consist of not less than five directors.(Amended by Stats. 1987, Ch. 867, Sec. 14.)
CA Fin Code § 31211 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 4 - Corporate Matters|ARTICLE 2 - Board of Directors|Section 31211.

31211.  The board of directors of each licensee shall hold a meeting not less frequently than once each calendar quarter.(Added by Stats. 1977, Ch. 1164.)