reglab/housing_qa huggingface dataset:
CA Fin Code § 31220 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 4 - Corporate Matters|ARTICLE 3 - Securities|Section 31220.

31220.  Notwithstanding any other law of this state, but subject to the provisions of Section 31550:(a) Any commercial bank, industrial bank, or trust company organized under the laws of this state may, with the prior approval of the commissioner, acquire and hold securities issued by a licensee; provided, however, that the aggregate amount of securities issued by licensees which are held by the commercial bank, industrial bank, or trust company shall not at any time exceed 21/2 percent of the shareholders’ equity of the commercial bank, industrial bank, or trust company. This subdivision shall not apply to any loan or other extension of credit made by a commercial bank or industrial bank organized under the laws of this state to a licensee in accordance with the Banking Law (Division 1 (commencing with Section 99)).(b) Any savings association organized under the laws of this state may, with the prior approval of the commissioner, acquire and hold securities issued by a licensee; provided, however, that the aggregate amount of securities issued by licensees which are held by such savings association shall not at any time exceed 1/2 percent of the total outstanding loans of such savings association.(c) Any insurance company admitted to transact insurance business in this state may, with the approval of the Insurance Commissioner, acquire and hold securities issued by a licensee; provided, however, that the aggregate amount of securities issued by licensees which are held by such insurance company shall not at any time exceed 21/2 percent of the unassigned surplus of such insurance company.(d) Any public utility licensed or regulated by the Public Utilities Commission may, with the approval of the Public Utilities Commission, acquire and hold securities issued by a licensee; provided, however, that the aggregate amount of securities issued by licensees which are held by such public utility company shall not at any time exceed 1/2 percent of the total assets of such public utility company.(Amended by Stats. 2000, Ch. 1015, Sec. 55. Effective September 30, 2000.)
CA Fin Code § 31230 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 4 - Corporate Matters|ARTICLE 4 - Distributions to Shareholders|Section 31230.

31230.  In this article, “distribution to its shareholders” has the meaning set forth in Corporations Code Section 166.(Added by Stats. 1977, Ch. 1164.)
CA Fin Code § 31231 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 4 - Corporate Matters|ARTICLE 4 - Distributions to Shareholders|Section 31231.

31231.  No licensee shall, except with the prior approval of the commissioner, make, or obligate itself to make, any distribution to its shareholders.(Amended by Stats. 1996, Ch. 1064, Sec. 652. Effective January 1, 1997. Operative July 1, 1997.)
CA Fin Code § 31232 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 4 - Corporate Matters|ARTICLE 4 - Distributions to Shareholders|Section 31232.

31232.  If the commissioner finds, with respect to an application for approval for a licensee to make, or to obligate itself to make, a distribution to its shareholders:(a) That for the applicant to make, or to obligate itself to make, the distribution will not endanger the applicant’s ability to provide financing assistance and management assistance to business firms in this state; and(b) That for the applicant to make, or to obligate itself to make, the distribution will not be unsafe or unsound; the commissioner shall approve the application. If, after notice and a hearing, the commissioner finds otherwise, he or she shall deny the application.(Amended by Stats. 1996, Ch. 1064, Sec. 653. Effective January 1, 1997. Operative July 1, 1997.)
CA Fin Code § 31233 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 4 - Corporate Matters|ARTICLE 4 - Distributions to Shareholders|Section 31233.

31233.  Notwithstanding the provisions of Section 31232, unless an application for approval for a licensee to make, or to obligate itself to make, a distribution to its shareholders is approved, denied, withdrawn, or abandoned within a period of 45 days after such application is filed with the commissioner or, if the applicant consents to an extension of the period, within such extended period, such application shall be deemed to be approved by the commissioner as of the first day after such period of 45 days or such extended period, as the case may be.For purposes of this section, an application for approval for a licensee to make, or to obligate itself to make, a distribution to its shareholders shall be deemed to be filed with the commissioner when such application, containing all the information required by the commissioner and otherwise complying with Section 31107, is received by the commissioner.(Amended by Stats. 1996, Ch. 1064, Sec. 654. Effective January 1, 1997. Operative July 1, 1997.)
CA Fin Code § 31300 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 5 - Offices|ARTICLE 1 - General Provisions|Section 31300.

31300.  Each licensee shall maintain its head office in this state.(Amended by Stats. 1987, Ch. 867, Sec. 16.)
CA Fin Code § 31301 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 5 - Offices|ARTICLE 1 - General Provisions|Section 31301.

31301.  No licensee shall maintain an office at any place outside this state.(Added by Stats. 1977, Ch. 1164.)
CA Fin Code § 31302 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 5 - Offices|ARTICLE 1 - General Provisions|Section 31302.

31302.  Each office of a licensee shall be located in a place which is reasonably accessible to the public and shall, unless the commissioner approves otherwise, be open for the transaction of business during normal business hours on each business day.(Amended by Stats. 1996, Ch. 1064, Sec. 655. Effective January 1, 1997. Operative July 1, 1997.)
CA Fin Code § 31303 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 5 - Offices|ARTICLE 1 - General Provisions|Section 31303.

31303.  Each licensee shall post in a conspicuous place at each of its offices a sign which bears the corporate name of such licensee.(Added by Stats. 1977, Ch. 1164.)
CA Fin Code § 31304 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 5 - Offices|ARTICLE 1 - General Provisions|Section 31304.

31304.  Each licensee shall maintain telephone service at each of its offices and shall maintain a telephone listing under its corporate name for each of its offices.(Added by Stats. 1977, Ch. 1164.)
CA Fin Code § 31305 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 5 - Offices|ARTICLE 1 - General Provisions|Section 31305.

31305.  Each licensee shall maintain at each of its offices personnel who are competent to conduct the business of such office.(Added by Stats. 1977, Ch. 1164.)
CA Fin Code § 31320 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 5 - Offices|ARTICLE 2 - Establishing, Relocating, and Closing Offices|Section 31320.

31320.  (a) No licensee shall relocate its head office without the prior approval of the commissioner.(b) No licensee shall establish, relocate, or close any office (other than its head office) unless it files a report on the action with the commissioner not less than 30 days (or such shorter period as the commissioner may approve) before taking the action.(Amended by Stats. 1996, Ch. 1064, Sec. 656. Effective January 1, 1997. Operative July 1, 1997.)
CA Fin Code § 31322 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 5 - Offices|ARTICLE 2 - Establishing, Relocating, and Closing Offices|Section 31322.

31322.  If the commissioner finds, with respect to an application by a licensee for approval to relocate its head office:(a) That the office at its proposed location will be reasonably accessible to the public;(b) That it is reasonable to believe that the applicant will operate the office at its proposed location in compliance with all applicable provisions of this division and of any regulation or order issued under this division;(c) That it will not be unsafe or unsound for the applicant to relocate the office; and(d) That the relocation of the office will not be detrimental to the public convenience and advantage, or, if the relocation of the office would be detrimental to the public convenience and advantage, that the relocation of the office is necessary in the interests of the safety and soundness of the applicant; the commissioner shall approve the application. If, after notice and a hearing, the commissioner finds otherwise, the commissioner shall deny the application.(Amended by Stats. 1996, Ch. 1064, Sec. 657. Effective January 1, 1997. Operative July 1, 1997.)
CA Fin Code § 31800 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 12 - Crimes and Criminal Penalties|ARTICLE 1 - General Provisions|Section 31800.

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 application or report any material fact which is required to be stated therein.(Amended by Stats. 1996, Ch. 1064, Sec. 694. Effective January 1, 1997. Operative July 1, 1997.)
CA Fin Code § 31801 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 12 - Crimes and Criminal Penalties|ARTICLE 1 - General Provisions|Section 31801.

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.(Amended by Stats. 1996, Ch. 1064, Sec. 695. Effective January 1, 1997. Operative July 1, 1997.)
CA Fin Code § 31802 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 12 - Crimes and Criminal Penalties|ARTICLE 1 - General Provisions|Section 31802.

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 any entry in such books, accounts, or other records which such person is required to make, or to alter, conceal, or destroy any of such books, accounts, or other records.(Amended by Stats. 1996, Ch. 1064, Sec. 696. Effective January 1, 1997. Operative July 1, 1997.)
CA Fin Code § 31820 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 12 - Crimes and Criminal Penalties|ARTICLE 2 - Conflicts of Interest|Section 31820.

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:(1) Any principal shareholder, director, officer, manager, agent, or adviser of such licensee;(2) Any director, officer, partner, general manager, agent, employer, or employee of any person referred to in paragraph (1) of this subdivision;(3) Any person who controls, is controlled by, or is under common control with, any person referred to in paragraph (1) of this subdivision, directly or indirectly through one or more intermediaries;(4) Any close relative of any person referred to in paragraph (1) of this subdivision;(5) Any person of which any person referred to in paragraphs (1) to (4), inclusive, of this subdivision is a director or officer; or(6) Any person in which any person referred to in paragraphs (1) to (4), inclusive, of this subdivision or any combination of such persons acting in concert owns or controls, directly or indirectly, a 10 percent or greater equity interest.(7) For purposes of this subdivision, any person who is in any of the relationships referred to in paragraphs (1) to (6), inclusive, of this subdivision within six months before or after a licensee provides financing assistance shall be deemed to be in such relationship as of the date when such licensee provides such financing assistance.(8) For purposes of this subdivision, in case 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 business firm to which such licensee provides financing assistance, such person shall not, on that account, be deemed to have any relationship with such business firm; provided, however, that this paragraph shall not apply in any case where the person has, directly or indirectly, any other financial interest in the 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 business firm for a period of 30 days or more.(c) “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.(d) “Closing services” means services performed in connection with the providing of financing assistance. “Closing services” includes (but is not limited to) appraising property and preparing credit reports. “Closing services” does not include any services performed after the providing of financing assistance.(e) “Short-term financing assistance” means any financing assistance with a term of not more than five years.(Added by Stats. 1977, Ch. 1164.)
CA Fin Code § 31821 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 12 - Crimes and Criminal Penalties|ARTICLE 2 - Conflicts of Interest|Section 31821.

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 or transactions, if the commissioner finds such action to be in the public interest and that the regulation of such persons or transactions is not necessary for the purposes of this division.(b) In exempting from the provisions of this article any person or transaction or class of persons or transactions, the commissioner shall give due consideration to any conflict of interest provision of federal law or regulation applicable to such person or transaction governing participants in federal financing programs.(Amended by Stats. 1996, Ch. 1064, Sec. 697. Effective January 1, 1997. Operative July 1, 1997.)
CA Fin Code § 31822 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 12 - Crimes and Criminal Penalties|ARTICLE 2 - Conflicts of Interest|Section 31822.

31822.  It shall be unlawful for any licensee, directly or indirectly, to provide financing assistance to any of its associates.(Added by Stats. 1977, Ch. 1164.)
CA Fin Code § 31823 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 12 - Crimes and Criminal Penalties|ARTICLE 2 - Conflicts of Interest|Section 31823.

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 commitment for financing assistance from such other licensee.(b) 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 commitment for financing assistance from a third licensee pursuant to any contract, understanding, or arrangement among such licensees.(Added by Stats. 1977, Ch. 1164.)
CA Fin Code § 31824 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 12 - Crimes and Criminal Penalties|ARTICLE 2 - Conflicts of Interest|Section 31824.

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 percent or greater equity interest in, any person referred to in subdivision (a); or(c) Any close relative of any person referred to in subdivision (b).(Added by Stats. 1977, Ch. 1164.)
CA Fin Code § 31825 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 12 - Crimes and Criminal Penalties|ARTICLE 2 - Conflicts of Interest|Section 31825.

31825.  It shall be unlawful for any licensee, directly or indirectly, to provide financing assistance to discharge, or to free other funds for use in discharging, in whole or in part, an obligation to any associate of such licensee; provided, however, that this section shall not apply to any transaction effected by an associate of a licensee in the normal course of such associate’s business involving a line of credit or short-term financing assistance.(Added by Stats. 1977, Ch. 1164.)
CA Fin Code § 31826 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 12 - Crimes and Criminal Penalties|ARTICLE 2 - Conflicts of Interest|Section 31826.

31826.  It shall be unlawful for any licensee, directly or indirectly, to provide financing assistance for the purchase of property from any associate of such licensee.(Added by Stats. 1977, Ch. 1164.)
CA Fin Code § 31827 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 12 - Crimes and Criminal Penalties|ARTICLE 2 - Conflicts of Interest|Section 31827.

31827.  It shall be unlawful for any licensee, directly or indirectly, to provide financing assistance to any person to whom any associate of such licensee provides financing assistance, either contemporaneously with, or within one year before or after, the providing of financing assistance by the licensee, if the terms on which the licensee provides financing assistance are less favorable to the licensee than the terms on which the associate provides financing assistance to the associate. In any case where the financing assistance provided by the associate of the licensee is of a different kind from the financing assistance provided by the licensee, the burden shall be on the licensee to prove that the terms on which it provided financing assistance were at least as favorable to it as the terms on which the associate provided financing assistance to the associate. This section shall not apply to any transaction effected by an associate of a licensee in the normal course of such associate’s business involving a line of credit or short-term financing assistance.(Added by Stats. 1977, Ch. 1164.)
CA Fin Code § 31828 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 12 - Crimes and Criminal Penalties|ARTICLE 2 - Conflicts of Interest|Section 31828.

31828.  It shall be unlawful for any associate of a licensee, directly or indirectly, to receive from any person to whom such licensee provides financing assistance, any compensation in connection with the providing of such financing assistance or anything of value for procuring, influencing, or attempting to procure or influence, the licensee’s action with respect to the providing of the financing assistance. This section shall not apply to the receipt by an associate of a licensee of fees for bona fide closing services performed by such associate; provided, however, that the associate is, with the consent and knowledge of the person to whom the financing assistance is provided, designated by the licensee to perform such services, that the services are appropriate and necessary in the circumstances, that the fees for the services are approved as reasonable by the licensee, and that the fees for the services are collected by the licensee on behalf of the associate.(Added by Stats. 1977, Ch. 1164.)
CA Fin Code § 31829 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 12 - Crimes and Criminal Penalties|ARTICLE 2 - Conflicts of Interest|Section 31829.

31829.  It shall be unlawful for any licensee, directly or indirectly, to sell or otherwise transfer any of its assets to any of its associates.(Added by Stats. 1977, Ch. 1164.)
CA Fin Code § 31880 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 12 - Crimes and Criminal Penalties|ARTICLE 3 - Criminal Penalties|Section 31880.

31880.  Any person who violates any provision of this chapter shall upon conviction be fined not more than ten thousand dollars ($10,000) 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. 114. (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 Fin Code § 31881 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS|CHAPTER 12 - Crimes and Criminal Penalties|ARTICLE 3 - Criminal Penalties|Section 31881.

31881.  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. 1977, Ch. 1164.)
CA Fin Code § 32000 (2021)
2021 California Code|Financial Code - FIN|DIVISION 15.5 - STATE ASSISTANCE FUND FOR ENTERPRISE, BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATION|CHAPTER 1 - General Provisions|ARTICLE 1 - Short Title, Construction and Severability|Section 32000.

32000.  This division shall be known and may be cited as the “State Assistance Fund for Enterprise Act of 1989.”(Amended by Stats. 1989, Ch. 1040, Sec. 2.)