reglab/statecodes huggingface dataset:
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 50 - Business and Industrial Development Corporations › Article 4 - Issuance of License › Subarticle 2 - Application › Section 50.3128 - Fee

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
An application for a license shall be accompanied by the
						fee prescribed in Financial Code Section
						31115(a)(1).
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 50 - Business and Industrial Development Corporations › Article 4 - Issuance of License › Subarticle 2 - Application › Section 50.3129 - Amendment

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
An amendment to an application for a license shall be
						signed in the name of the applicant by an officer of the applicant or by
						another person authorized to represent the applicant in connection with such
						application and shall be verified by such officer or other
						person.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 50 - Business and Industrial Development Corporations › Article 4 - Issuance of License › Subarticle 3 - Administrative Standards and Procedures › Section 50.3200 - Scope

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
This Subarticle contains regulations which set forth
						administrative standards and procedures relating to an application for
						license.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 50 - Business and Industrial Development Corporations › Article 4 - Issuance of License › Subarticle 3 - Administrative Standards and Procedures › Section 50.3201 - Incomplete Application

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
As an administrative procedure, the Commissioner
						generally will reject for filing any application for a license which is not
						substantially complete.
1. Change
						without regulatory effect amending section and adding new NOTE filed 8-19-97
						pursuant to section
						100, title 1, California Code of
						Regulations (Register 97, No. 34).
Note: Authority cited: Section
						  31101,
						  Financial Code. Reference: Section
						  31107,
						  Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 50 - Business and Industrial Development Corporations › Article 4 - Issuance of License › Subarticle 3 - Administrative Standards and Procedures › Section 50.3202 - Lendable Funds

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
As an administrative standard, in the case of an
						application for a license by an old corporation, the Commissioner generally
						will, in calculating the amount of lendable funds of the applicant for purposes
						of Financial Code Section
						31152(b),
						include the amount of financing assistance which the applicant provided to
						business firms in the State of California in the course of its business as an
						old corporation and which is represented by sound notes, leases, or other
						securities still owned by the applicant.
1. Change
						without regulatory effect amending section and adding new NOTE filed 8-19-97
						pursuant to section
						100, title 1, California Code of
						Regulations (Register 97, No. 34).
Note: Authority cited: Section
						  31101,
						  Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 50 - Business and Industrial Development Corporations › Article 4 - Issuance of License › Subarticle 3 - Administrative Standards and Procedures › Section 50.3203 - Conviction of Crime. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1.
						Repealer filed 4-7-97; operative 4-7-97 pursuant to Government Code section
						11343.4(d)
						(Register 97, No. 15).
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 50 - Business and Industrial Development Corporations › Article 4 - Issuance of License › Subarticle 3 - Administrative Standards and Procedures › Section 50.3204 - Ability to Service Financing Assistance

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
As an administrative standard, the Commissioner generally
						will deny an application for a license if he finds that the applicant will not
						be able to service on a regular and continuous basis the financing assistance
						that it provides to business firms (including evaluating and collecting the
						loans that it makes to business firms), either entirely by itself or with the
						assistance of data processing services provided by another
						person.
1. Change
						without regulatory effect amending section and adding new NOTE filed 8-19-97
						pursuant to section
						100, title 1, California Code of
						Regulations (Register 97, No. 34).
Note: Authority cited: Section
						  31101,
						  Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 50 - Business and Industrial Development Corporations › Article 4 - Issuance of License › Subarticle 3 - Administrative Standards and Procedures › Section 50.3205 - Ability to Provide Financing Assistance

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
As an administrative standard, the Commissioner generally
						will deny an application for a license if he finds that the applicant will not
						be able to provide financing assistance to business firms on a regular and
						continuous basis. Thus, the Commissioner generally will not approve an
						application for a license if he finds that the applicant will provide financing
						assistance to business firms only in a limited amount or for a limited period
						of time and then merely service such financing assistance without providing
						additional financing assistance to the same or other business
						firms.
1. Change
						without regulatory effect amending section and adding new NOTE filed 8-19-97
						pursuant to section
						100, title 1, California Code of
						Regulations (Register 97, No. 34).
Note: Authority cited: Section
						  31101,
						  Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 50 - Business and Industrial Development Corporations › Article 4 - Issuance of License › Subarticle 4 - Post-Approval Matters › Section 50.3300 - Scope

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
This Subarticle contains regulations relating to matters
						after an application for a license is approved by the
						Commissioner.
1. Change
						without regulatory effect amending section and adding new NOTE filed 8-19-97
						pursuant to section
						100, title 1, California Code of
						Regulations (Register 97, No. 34).
Note: Authority cited: Section
						  31101,
						  Financial Code. Reference: Section
						  31102,
						  Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 50 - Business and Industrial Development Corporations › Article 4 - Issuance of License › Subarticle 4 - Post-Approval Matters › Section 50.3301 - Time for Filing Documents

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
In case a provision of this Subarticle calls for an
						applicant to file a document with the Commissioner not less than a specified
						number of days or business days before such applicant is issued a license, the
						applicant is encouraged to make the filing before such deadline, if possible,
						so as to allow ample time not only for the staff of the Department to process
						the document filed but also for the applicant to make any corrections or
						changes in such document that may be found to be necessary before the license
						is issued.
1.
						Amendment of section and new NOTE filed 4-7-97; operative 4-7-97 pursuant to
						Government Code section
						11343.4(d)
						(Register 97, No. 15).
2. Change without regulatory effect amending
						section and NOTE filed 8-19-97 pursuant to section
						100, title 1, California Code of
						Regulations (Register 97, No. 34).
Note: Authority cited: Section
						  31101,
						  Financial Code. Reference: Section
						  31102,
						  Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 50 - Business and Industrial Development Corporations › Article 4 - Issuance of License › Subarticle 4 - Post-Approval Matters › Section 50.3302 - Reports

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
In addition to filing with the Commissioner each report
						called for in this Subarticle, an applicant shall file with the Commissioner
						each report which the provisions of this Subchapter (other than the provisions
						of this Subarticle) require of a licensee. A report required by any such
						provision shall be filed within the period specified in such provision;
						however, a report regarding any event which occurs before a license is issued
						to an applicant shall be filed with the Commissioner not less than five
						business days before such license is issued, notwithstanding the fact that the
						provision which requires such report may allow a longer time for filing the
						report.
1. Change
						without regulatory effect amending section and adding new NOTE filed 8-19-97
						pursuant to section
						100, title 1, California Code of
						Regulations (Register 97, No. 34).
Note: Authority cited: Section
						  31101,
						  Financial Code. Reference: Sections
						  31102,
						  31504 and
						  31506,
						  Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 50 - Business and Industrial Development Corporations › Article 4 - Issuance of License › Subarticle 4 - Post-Approval Matters › Section 50.3303 - Implementation of Proposals

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Not less than five business days before an applicant is
						issued a license, such applicant shall implement each of the proposals which it
						represented in its application for a license, explicitly or implicitly, that it
						would implement before commencing business (for example, proposals to appoint
						officers, sell securities, or obtain financing) and shall file with the
						Commissioner a report regarding the implementation of each such
						proposal.
1. Change
						without regulatory effect amending section and adding new NOTE filed 8-19-97
						pursuant to section
						100, title 1, California Code of
						Regulations (Register 97, No. 34).
Note: Authority cited: Section
						  31101,
						  Financial Code. Reference: Sections
						  31102 and
						  31108,
						  Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 50 - Business and Industrial Development Corporations › Article 4 - Issuance of License › Subarticle 4 - Post-Approval Matters › Section 50.3304 - Policies

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Not less than five business days before an applicant is
						issued a license, such applicant shall, by resolution of its board, adopt the
						following policies and shall file with the Commissioner a report containing a
						copy of such resolution and of each such policy, certified by the secretary or
						by an assistant secretary of the applicant:
(a) Personnel policy.
(b) Financing assistance policy.
1.
						Amendment of subsections (a) and (b) and new NOTE filed 4-7-97; operative
						4-7-97 pursuant to Government Code section
						11343.4(d)
						(Register 97, No. 15).
2. Change without regulatory effect amending
						section and NOTE filed 8-19-97 pursuant to section
						100, title 1, California Code of
						Regulations (Register 97, No. 34).
Note: Authority cited: Section
						  31101,
						  Financial Code. Reference: Section
						  31102,
						  Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 50 - Business and Industrial Development Corporations › Article 4 - Issuance of License › Subarticle 4 - Post-Approval Matters › Section 50.3305 - Report Regarding Directors, Officers, and Balance Sheet

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Not more than 30 days nor less than five business days
						before an applicant is issued a license, such applicant shall file with the
						Commissioner a report containing the following information:
(a) List of the directors of the applicant,
					 showing the name of each director.
(b) List of the officers of the applicant,
					 showing the name and title of each officer.
(c) Balance sheet of the applicant as of a
					 date within ten days before the filing of the report.
1. Change
						without regulatory effect amending section and adding new NOTE filed 8-19-97
						pursuant to section
						100, title 1, California Code of
						Regulations (Register 97, No. 34).
Note: Authority cited: Section
						  31101,
						  Financial Code. Reference: Section
						  31102,
						  Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 50 - Business and Industrial Development Corporations › Article 4 - Issuance of License › Subarticle 4 - Post-Approval Matters › Section 50.3306 - Appointment of Commissioner as Agent for Service of Process

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
In accordance with Financial Code Section
						31113, not
						less than 5 business days before an applicant is issued a license:
(a) Such applicant shall file with the
					 Commissioner an Appointment of Commissioner of the Department of Business
					 Oversight as Agent for Service of Process in the form of Department Form 1020,
					 signed by the applicant in the name of the applicant by an officer of the
					 applicant. The signature of the applicant on such appointment shall be
					 acknowledged.
(b) Each affiliate of
					 such applicant shall file with such applicant an Appointment of Commissioner of
					 Business Oversight as Agent for Service of Process in the form of Department
					 Form 1020, signed by such affiliate in the name of the affiliate by an officer
					 of the affiliate. The signature of the affiliate on such appointment shall be
					 acknowledged.
1.
						Amendment of subsection (b) and new NOTE filed 4-7-97; operative 4-7-97
						pursuant to Government Code section
						11343.4(d)
						(Register 97, No. 15).
2. Change without regulatory effect amending
						section heading, section and NOTE filed 8-19-97 pursuant to section
						100, title 1, California Code of
						Regulations (Register 97, No. 34).
3. Change without regulatory
						effect amending section and NOTE filed 8-21-2019 pursuant to section
						100, title 1, California Code of
						Regulations (Register 2019, No. 34).
Note: Authority cited: Section
						  31101,
						  Financial Code. Reference: Sections
						  321,
						  31102 and
						  31113,
						  Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 50 - Business and Industrial Development Corporations › Article 4 - Issuance of License › Subarticle 4 - Post-Approval Matters › Section 50.3307 - Agreement of Affiliate

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
In accordance with Financial Code Section
						31153, not
						less than 5 business days before an applicant is issued a license, each
						affiliate of such applicant shall file with the Commissioner an Agreement of
						Affiliate of Business and Industrial Development Corporation in the form of
						Department Form 1025, signed by the affiliate in the name of the affiliate by
						an officer of the affiliate. The signature of the affiliate on such agreement
						shall be acknowledged.
1. Change
						without regulatory effect amending section and adding new NOTE filed 8-19-97
						pursuant to section
						100, title 1, California Code of
						Regulations (Register 97, No. 34).
Note: Authority cited: Section
						  31101,
						  Financial Code. Reference: Section
						  31153,
						  Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 50 - Business and Industrial Development Corporations › Article 4 - Issuance of License › Subarticle 4 - Post-Approval Matters › Section 50.3308 - Report Regarding Differences from Application

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) Not more than 30 days nor less than 5
					 business days before an applicant is issued a license, such applicant shall
					 file with the Commissioner a report signed an officer of the applicant, stating
					 whether or not the applicant is or is to be different in any material respect
					 from what was proposed in its application for a license and, if so, describing
					 such difference.
(b) As an
					 administrative standard, if the Commissioner finds that an applicant is or is
					 to be different in any material respect from what was proposed in its
					 application for a license and that, if such difference had existed at the time
					 when the Commissioner decided such application, he would have denied the
					 application, the Commissioner will revoke his approval of the application and
					 will not issue a license to the applicant.
1.
						Amendment of subsection (b) and new NOTE filed 4-7-97; operative 4-7-97
						pursuant to Government Code section
						11343.4(d)
						(Register 97, No. 15).
2. Change without regulatory effect amending
						section and NOTE filed 8-19-97 pursuant to section
						100, title 1, California Code of
						Regulations (Register 97, No. 34).
3. Amendment of section and NOTE
						filed 4-14-98; operative 5-14-98 (Register 98, No.
						16).
Note: Authority cited: Section
						  31101,
						  Financial Code. Reference: Sections
						  31102,
						  31152 and
						  31154,
						  Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 50 - Business and Industrial Development Corporations › Article 4 - Issuance of License › Subarticle 4 - Post-Approval Matters › Section 50.3309 - Expiration and Extension of Approval of Application for License

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) The
					 Commissioner's approval of an application for license shall, unless extended by
					 the Commissioner, expire one year after the date of such approval.
(b) An application for an extension of the
					 Commissioner's approval of an application for a license shall contain the
					 following information:
(1) Date on which the
					 approval is scheduled to expire.
(2) Description of progress to date in
					 preparing to commence business.
(3)
					 Proposed timetable for completing preparations to commence business.
(4) Amount of additional time requested for
					 completing preparations to commence business.
(5) Statement of reasons why such additional
					 time is required for completing preparations to commence
					 business.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 50 - Business and Industrial Development Corporations › Article 4 - Issuance of License › Subarticle 4 - Post-Approval Matters › Section 50.3310 - License: Issuance and Expiration

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) Not less than one business day before an
					 applicant is issued a license, such applicant shall file with the Commissioner
					 an application for the issuance of such license. Such application shall contain
					 the following information:
(1) State the
					 address of the applicant's office.
(2) State the date on which the applicant
					 proposes to commence business.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 50 - Business and Industrial Development Corporations › Article 4 - Issuance of License › Subarticle 4 - Post-Approval Matters › Section 50.3311 - Report Regarding Commencement of Business

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Not more than ten business days after commencing
						business, an applicant shall file with the Commissioner a report stating the
						date on which it commenced business.
1. Change
						without regulatory effect amending section and adding new NOTE filed 8-19-97
						pursuant to section
						100, title 1, California Code of
						Regulations (Register 97, No. 34).
Note: Authority cited: Section
						  31101,
						  Financial Code. Reference: Sections
						  31102 and
						  31506,
						  Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 50 - Business and Industrial Development Corporations › Article 4 - Issuance of License › Subarticle 4 - Post-Approval Matters › Section 50.3312 - Reports Regarding Transaction of Business

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
On or before the tenth business day of each month after
						the month in which an applicant commences business and continuing until the
						Commissioner orders otherwise, such applicant shall file with the Commissioner
						a balance sheet as of the end of, and a statement of income for, the next
						preceding month.
1. Change
						without regulatory effect amending section and adding new NOTE filed 8-19-97
						pursuant to section
						100, title 1, California Code of
						Regulations (Register 97, No. 34).
Note: Authority cited: Section
						  31101,
						  Financial Code. Reference: Sections
						  31102 and
						  31506,
						  Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 50 - Business and Industrial Development Corporations › Article 5 - Corporate Matters › Subarticle 1 - General Provisions › Section 50.4000 - Scope

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
This Article contains regulations relating to corporate
						matters of a licensee. This Subarticle contains general provisions relating to
						corporate matters of a licensee. Subarticle 2 (commencing with Section
						50.4100) of this Article contains
						regulations relating to the names of a licensee. Subarticle 3 (commencing with
						Section 50.4200) of this Article contains
						regulations relating to the articles and by-laws of a licensee. (Subarticle 4
						of this Article is reserved.) Subarticle 5 (commencing with Section
						50.4400) of this Article contains
						regulations relating to distributions by a licensee to its
						shareholders.
1.
						Amendment of section and new NOTE filed 4-7-97; operative 4-7-97 pursuant to
						Government Code section
						11343.4(d)
						(Register 97, No. 15).
Note: Authority cited: Section
						  31101,
						  Financial Code. Reference: Chapter 4, Division 15, Financial
						  Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 50 - Business and Industrial Development Corporations › Article 5 - Corporate Matters › Subarticle 2 - Names › Section 50.4100 - Scope

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
This Subarticle contains regulations relating to the
						names of a licensee.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 50 - Business and Industrial Development Corporations › Article 5 - Corporate Matters › Subarticle 2 - Names › Section 50.4101 - Definitions

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
In this Subarticle:
(a) "Corporate name," when used with respect
					 to a licensee, means the name of such licensee as set forth in the articles of
					 the licensee.
(b) "Fictitious
					 business name," when used with respect to a licensee, means any name used by
					 such licensee other than its corporate name.
(c) "Fictitious Business Name Law" means
					 Chapter 5 (commencing with Section
					 17900), Part 3, Division 7 of the
					 Business and Professions Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 50 - Business and Industrial Development Corporations › Article 5 - Corporate Matters › Subarticle 2 - Names › Section 50.4102 - Fictitious Business Name: Application

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
An application by a licensee for approval pursuant to
						Financial Code Section
						31201 to
						transact business under a fictitious business name shall contain the following
						information:
(a) State the fictitious
					 business name.
(b) State whether or
					 not the licensee proposes to transact the whole of its business under the
					 fictitious business name, and, if not, describe the specific activities which
					 the licensee proposes to transact under the fictitious business name.
(c) State the reasons why the licensee wishes
					 to transact business under the fictitious business name.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 50 - Business and Industrial Development Corporations › Article 5 - Corporate Matters › Subarticle 2 - Names › Section 50.4103 - Fictitious Business Name: Administrative Standard

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
As an administrative standard, the Commissioner generally
						will not approve an application by a licensee for approval to transact business
						under a fictitious business name unless such fictitious business name indicates
						that the licensee is a business and industrial development corporation. For
						purposes of this section, a fictitious business name of a licensee which
						contains a reasonable abbreviation of the phrase "business and industrial
						development corporation" (for example, "Bidco") shall be deemed to indicate
						that such licensee is a business and industrial development
						corporation.
1. Change
						without regulatory effect amending section and adding new NOTE filed 8-19-97
						pursuant to section
						100, title 1, California Code of
						Regulations (Register 97, No. 34).
Note: Authority cited: Section
						  31101,
						  Financial Code. Reference: Section
						  31201,
						  Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 50 - Business and Industrial Development Corporations › Article 5 - Corporate Matters › Subarticle 2 - Names › Section 50.4104 - Fictitious Business Name: Reports

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Whenever a licensee files a fictitious business name
						statement or a statement of abandonment of the use of a fictitious business
						name with a county clerk pursuant to the Fictitious Business Name Law, such
						licensee shall, not more than 30 days after such filing, file with the
						Commissioner a report containing a copy of the fictitious business name
						statement or of the statement of abandonment of the use of a fictitious
						business name, as the case may be.
1.
						Amendment of section and new NOTE filed 4-7-97; operative 4-7-97 pursuant to
						Government Code section
						11343.4(d)
						(Register 97, No. 15).
2. Change without regulatory effect amending
						section filed 8-19-97 pursuant to section
						100, title 1, California Code of
						Regulations (Register 97, No. 34).
Note: Authority cited: Section
						  31101,
						  Financial Code. Reference: Sections
						  31201 and
						  31506,
						  Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 50 - Business and Industrial Development Corporations › Article 5 - Corporate Matters › Subarticle 3 - Articles and By-Laws › Section 50.4200 - Scope

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
This Subarticle contains regulations relating to the
						articles and by-laws of a licensee.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 50 - Business and Industrial Development Corporations › Article 5 - Corporate Matters › Subarticle 3 - Articles and By-Laws › Section 50.4201 - Amendment of Articles

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Whenever a licensee files a certificate of amendment of
						its articles of incorporation with the Secretary of State pursuant to
						Corporations Code Section
						905 or
						906,
						such licensee shall, not more than 30 days after such filing, file with the
						Commissioner a report containing the following information:
(a) Provide a copy of the certificate of
					 amendment certified by the Secretary of State.
(b) Describe the effects of the certificate
					 of amendment.
1. Change
						without regulatory effect amending section and adding new NOTE filed 8-19-97
						pursuant to section
						100, title 1, California Code of
						Regulations (Register 97, No. 34).
Note: Authority cited: Section
						  31101,
						  Financial Code. Reference: Section
						  31506,
						  Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 50 - Business and Industrial Development Corporations › Article 5 - Corporate Matters › Subarticle 3 - Articles and By-Laws › Section 50.4202 - Other Filings with Secretary of State

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Whenever a licensee files with the Secretary of State a
						certificate of restated articles pursuant to Corporations Code Section
						910, a
						certificate of determination pursuant to Corporations Code Section
						401, a
						certificate of correction pursuant to Corporations Code Section
						109, or
						a certificate of revocation pursuant to Corporations Code Section
						110(c),
						such licensee shall, not more than 30 days after such filing, file with the
						Commissioner a report containing a copy of such certificate certified by the
						Secretary of State.
1.
						Amendment of section and new NOTE filed 4-7-97; operative 4-7-97 pursuant to
						Government Code section
						11343.4(d)
						(Register 97, No. 15).
2. Change without regulatory effect amending
						section and adding new NOTE filed 8-19-97 pursuant to section
						100, title 1, California Code of
						Regulations (Register 97, No. 34).
Note: Authority cited: Section
						  31101,
						  Financial Code. Reference: Section
						  31506,
						  Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 50 - Business and Industrial Development Corporations › Article 5 - Corporate Matters › Subarticle 3 - Articles and By-Laws › Section 50.4203 - Changes in By-Laws. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. Change
						without regulatory effect amending section and adding new NOTE filed 8-19-97
						pursuant to section
						100, title 1, California Code of
						Regulations (Register 97, No. 34).
2. Repealer filed 4-14-98;
						operative 5-14-98 (Register 98, No. 16).
Note: Authority cited: Section
						  31101,
						  Financial Code. Reference: Section
						  31506,
						  Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 50 - Business and Industrial Development Corporations › Article 5 - Corporate Matters › Subarticle 4 - Board › Section 50.4300 - Scope

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1.
						Repealer of subarticle 4 (sections
						50.4200-50.4302) and section filed
						4-7-97; operative 4-7-97 pursuant to Government Code section
						11343.4(d)
						(Register 97, No. 15).
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 50 - Business and Industrial Development Corporations › Article 5 - Corporate Matters › Subarticle 4 - Board › Section 50.4301 - Action Required. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1.
						Repealer filed 4-7-97; operative 4-7-97 pursuant to Government Code section
						11343.4(d)
						(Register 97, No. 15).
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 50 - Business and Industrial Development Corporations › Article 5 - Corporate Matters › Subarticle 4 - Board › Section 50.4302 - Regular Meetings. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1.
						Repealer filed 4-7-97; operative 4-7-97 pursuant to Government Code section
						11343.4(d)
						(Register 97, No. 15).
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 50 - Business and Industrial Development Corporations › Article 5 - Corporate Matters › Subarticle 5 - Distribution to Shareholders › Section 50.4400 - Scope

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
This Subarticle contains regulations relating to
						distributions by a licensee to its shareholders.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 50 - Business and Industrial Development Corporations › Article 5 - Corporate Matters › Subarticle 5 - Distribution to Shareholders › Section 50.4401 - Definition

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
In this Subarticle, "distribution to its shareholders,"
						when used with respect to a licensee, has the meaning set forth in Financial
						Code Section
						31230.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 50 - Business and Industrial Development Corporations › Article 5 - Corporate Matters › Subarticle 5 - Distribution to Shareholders › Section 50.4402 - Application: Contents

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
An application by a licensee for approval pursuant to
						Article 4 (commencing with Section
						31230), Chapter 4 of the Business
						and Industrial Development Corporations Law to make, or to obligate itself to
						make, a distribution to its shareholders shall contain the following
						information:
(a) Describe the proposed
					 distribution, including:
(1) In case the
					 proposed distribution is to consist of a dividend on shares of the licensee,
					 identify the class or series of such shares, state the amount of the dividend
					 per share, and state the aggregate amount of the dividend.
(2) In case the proposed distribution is to
					 consist of a purchase or redemption of shares, identify the class or series of
					 such shares to be purchased or redeemed, state the amount to be paid per share,
					 and state the aggregate amount to be paid.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 50 - Business and Industrial Development Corporations › Article 5 - Corporate Matters › Subarticle 5 - Distribution to Shareholders › Section 50.4403 - Application: Signature

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
An application by a licensee for approval to make, or to
						obligate itself to make, a distribution to its shareholders shall be signed in
						the name of such licensee by an officer of the licensee.
1.
						Amendment of section heading, repealer of subsection (a) designator, repealer
						of subsection (b) and new NOTE filed 4-7-97; operative 4-7-97 pursuant to
						Government Code section
						11343.4(d)
						(Register 97, No. 15).
Note: Authority cited: Section
						  31101,
						  Financial Code. Reference: Sections
						  31107 and
						  31231,
						  Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 50 - Business and Industrial Development Corporations › Article 6 - Directors, Officers, and Employees › Subarticle 1 - General Provisions › Section 50.6000 - Scope

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
This Article contains regulations relating to directors,
						officers, and employees of a licensee. This Subarticle contains general
						provisions relating to directors, officers, and employees of a licensee.
						(Subarticle 2 of this Article is reserved.) Subarticle 3 (commencing with
						Section 50.6200) of this Article contains
						regulations relating to reports regarding directors, officers, and employees of
						a licensee. Subarticle 4 (commencing with Section
						50.6300) of this Article contains
						regulations relating to unsafe and unsound acts involving directors, officers,
						and employees of a licensee.
1.
						Amendment of section and new NOTE filed 4-7-97; operative 4-7-97 pursuant to
						Government Code section
						11343.4(d)
						(Register 97, No. 15).
2. Editorial correction of article 6 heading
						(Register 97, No. 19).
Note: Authority cited: Section
						  31101,
						  Financial Code. Reference: Chapters 4 and 11, Division 15, Financial
						  Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 50 - Business and Industrial Development Corporations › Article 6 - Directors, Officers, and Employees › Subarticle 1 - General Provisions › Section 50.6001 - Definitions

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
In this Article:
(a) "Appointment," when used with respect to
					 an officer of a licensee, includes the appointment of an incumbent officer of a
					 licensee to a new or additional office with such licensee. However,
					 "appointment" does not include the appointment of an incumbent officer of a
					 licensee to a new term in the same office.
(b) "Election," when used with respect to a
					 director of a licensee, includes the election of an incumbent director of a
					 licensee to a new term as a director of such licensee.
(c) "Event of insolvency," when used with
					 respect to a specified person, means:
(1) If
					 such specified person files a petition for, or otherwise applies for, an
					 adjudication of bankruptcy, reorganization, arrangement, or other relief under
					 any bankruptcy, reorganization, insolvency, or moratorium law;
(2) If any other person files a petition for,
					 or otherwise applies for, an adjudication of bankruptcy, reorganization,
					 arrangement, or other relief under any bankruptcy, reorganization, insolvency,
					 or moratorium law against such specified person; or
(3) If a receiver or similar official is
					 appointed to take control of all or substantially all of the property of such
					 specified person.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 50 - Business and Industrial Development Corporations › Article 6 - Directors, Officers, and Employees › Subarticle 2 - Personnel Policy [Repealed] › Section 50.6100 - Scope

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 50 - Business and Industrial Development Corporations › Article 6 - Directors, Officers, and Employees › Subarticle 2 - Personnel Policy [Repealed] › Section 50.6101 - Requirement

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 50 - Business and Industrial Development Corporations › Article 6 - Directors, Officers, and Employees › Subarticle 2 - Personnel Policy [Repealed] › Section 50.6102 - Contents

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 50 - Business and Industrial Development Corporations › Article 6 - Directors, Officers, and Employees › Subarticle 2 - Personnel Policy [Repealed] › Section 50.6103 - Reports

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 50 - Business and Industrial Development Corporations › Article 6 - Directors, Officers, and Employees › Subarticle 3 - Reports › Section 50.6200 - Scope

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
This Subarticle contains regulations relating to reports
						regarding directors, officers, and employees of a licensee.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 50 - Business and Industrial Development Corporations › Article 6 - Directors, Officers, and Employees › Subarticle 3 - Reports › Section 50.6201 - Election of Director

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Not more than 30 days after the election of any person as
						a director of a licensee, such licensee and such director shall file with the
						Commissioner a report containing the following information:
(a) Name of the director.
(b) Title of any office which the director
					 previously held with the licensee and title of any office (other than the
					 office of director) which the director currently holds with the
					 licensee.
(c) Date of election of
					 the director.
(d) Manner of
					 election of the director (that is, whether by the board, by the shareholders,
					 or by the members of the licensee).
(e) In case the director is not an incumbent
					 director or executive officer of the licensee:
(1) Personal financial statement in the form
					 of Department Form 2, containing the information called for therein, dated as
					 of a date within 90 days before the filing of the report, and signed by the
					 director.
(2) Confidential resume
					 in the form of Department Form 3, containing the information called for
					 therein, dated as of a date within 90 days before the filing of the report, and
					 signed by the director.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 50 - Business and Industrial Development Corporations › Article 6 - Directors, Officers, and Employees › Subarticle 3 - Reports › Section 50.6202 - Appointment of Executive Officer

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Not more than ten days after the appointment of any
						person as the chief executive officer of a licensee and not more than 30 days
						after the appointment of any person as any other executive officer of a
						licensee, such licensee and such executive officer shall file with the
						Commissioner a report containing the following information:
(a) Name of the executive officer.
(b) Title of the office to which the
					 executive officer was appointed.
(c) Date of appointment of the executive
					 officer.
(d) In case the executive
					 officer was not, immediately before the appointment, a director or executive
					 officer of the licensee.
(1) Personal
					 financial statement in the form of Department Form 2, containing the
					 information called for therein, dated as of a date within 90 days before the
					 filing of the report, and signed by the executive officer.
(2) Confidential resume in the form of
					 Department Form 3, containing the information called for therein, dated as of a
					 date within 90 days before the filing of the report, and signed by the
					 executive officer.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 50 - Business and Industrial Development Corporations › Article 6 - Directors, Officers, and Employees › Subarticle 3 - Reports › Section 50.6203 - Death, Resignation, or Removal of Director or Executive Officer

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Not more than ten days after the death, resignation, or
						removal of the chief executive officer of a licensee and not more than 30 days
						after the death, resignation, or removal of any other executive officer or of
						any director of a licensee, such licensee shall file with the Commissioner a
						report containing the following information:
(a) Name and title of the director or
					 executive officer.
(b) Statement
					 that the named director or executive officer either died, resigned, or was
					 removed.
(c) In the case of a
					 resignation or removal, a statement of the reasons for the resignation or
					 removal.
1.
						Amendment of section and new NOTE filed 4-7-97; operative 4-7-97 pursuant to
						Government Code section
						11343.4(d)
						(Register 97, No. 15).
2. Change without regulatory effect amending
						section filed 8-19-97 pursuant to section
						100, title 1, California Code of
						Regulations (Register 97, No. 34).
Note: Authority cited: Section
						  31101,
						  Financial Code. Reference: Section
						  31506,
						  Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 50 - Business and Industrial Development Corporations › Article 6 - Directors, Officers, and Employees › Subarticle 3 - Reports › Section 50.6204 - Event of Insolvency Involving Director, Executive Officer, or Associate. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1.
						Repealer filed 4-7-97; operative 4-7-97 pursuant to Government Code section
						11343.4(d)
						(Register 97, No. 15).