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 6 - Directors, Officers, and Employees › Subarticle 4 - Unsafe and Unsound Acts › Section 50.6300 - Scope

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
This Subarticle contains regulations relating to unsafe
						and unsound acts involving 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 4 - Unsafe and Unsound Acts › Section 50.6301 - Required Absence

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
It generally constitutes an unsafe and unsound act for a
						licensee to fail to require that each of its officers and employees be absent
						from the offices of such licensee for a period of not less than 14 consecutive
						days in each calendar year.
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 4 - Unsafe and Unsound Acts › Section 50.6302 - Conviction of Crime

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
It generally constitutes an unsafe and unsound act for a
						licensee to have as a director or officer any person who has been finally
						convicted of a crime involving an act of fraud or dishonesty.
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 9 - Affiliates › Section 50.9000 - Scope

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
This Article contains regulations relating to affiliates 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 9 - Affiliates › Section 50.9001 - Report on Becoming Affiliate

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Whenever any person becomes an affiliate (other than a
					 controlling person or subsidiary) of a licensee, the licensee and such
					 affiliate shall promptly file with the Commissioner a report containing the
					 following information with respect to the affiliate:
(a) Name.
(b) Type of person (that is, corporation,
				  partnership, etc.).
(c) Address of
				  principal office.
(d) Description
				  of business.
(e) Description of
				  relationship to the licensee.
1. Amendment
					 of first paragraph, reepaler of subsections (a) and (b)-(d), redesignation of
					 subsections (a)(1)-(5) as new subsections (a)-(e) 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 9 - Affiliates › Section 50.9002 - 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, each
					 person who becomes an affiliate of a licensee shall, not less than 30 days
					 after becoming an affiliate of such licensee, file with the Commissioner an
					 Appointment of Commissioner of Business Oversight as Agent for Service of
					 Process in the form of Department Form 1020, signed by the 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. Change
					 without regulatory effect amending section heading and section and adding new
					 NOTE filed 8-19-97 pursuant to section
					 100, title 1, California Code of
					 Regulations (Register 97, No. 34).
2. 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 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 9 - Affiliates › Section 50.9003 - Agreement

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
In accordance with Financial Code Section
					 31153, each
					 person who becomes an affiliate of a licensee shall, not less than 30 days
					 after becoming an affiliate of such licensee, 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 12 - Transaction of Business › Subarticle 1 - General Provisions › Section 50.12000 - Scope

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
This Article contains regulations relating to the
						transaction of business by a licensee. This Subarticle contains general
						provisions relating to the transaction of business by a licensee. Subarticle 2
						(commencing with Section
						50.12100) of this Article contains
						regulations relating to the scope of the business of a licensee. Subarticle 3
						(commencing with Section
						50.12200) of this Article contains
						regulations relating to the financing assistance policy of a licensee.
						Subarticle 4 (commencing with Section
						50.12300) of this Article contains
						regulations relating to unsafe and unsound acts regarding the transaction of
						business by 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).
Note: Authority cited: Section
						  31101,
						  Financial Code. Reference: Chapter 6, 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 12 - Transaction of Business › Subarticle 2 - Scope of Business › Section 50.12100 - Scope

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
This Subarticle contains regulations relating to the
						scope of the business 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 12 - Transaction of Business › Subarticle 2 - Scope of Business › Section 50.12101 - Other Licenses

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
For purposes of Financial Code Section
						31158, it
						is not a violation of any provision of the Business and Industrial Development
						Corporations Law or of any provision of this Subchapter, nor is it contrary to
						the purposes of the Business and Industrial Development Corporations Law, for a
						licensee:
(a) To be licensed as a
					 small business investment company under, or to transact business as a licensed
					 small business investment company under, the Small Business Investment Act of
					 1958; or
(b) To be licensed as a
					 personal property broker under, or to transact business as a licensed personal
					 property broker under, the Personal Property Brokers Law (Division 9
					 (commencing with Section
					 22000) of the 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 12 - Transaction of Business › Subarticle 3 - Financing Assistance Policy › Section 50.12200 - Scope

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
This Subarticle contains regulations relating to the
						financing assistance policy 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 12 - Transaction of Business › Subarticle 3 - Financing Assistance Policy › Section 50.12201 - Requirement

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
It generally constitutes an unsafe and unsound act for a
						licensee to transact business unless such licensee has in effect a financing
						assistance policy which has been approved by its board and unless the licensee
						complies with such financing assistance policy.
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 12 - Transaction of Business › Subarticle 3 - Financing Assistance Policy › Section 50.12202 - Contents. [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 12 - Transaction of Business › Subarticle 3 - Financing Assistance Policy › Section 50.12203 - Reports

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Whenever the board of directors of a licensee amends the
						financing assistance policy of such licensee in any material respect or repeals
						the licensee's financing assistance policy and adopts a new financing
						assistance policy for the licensee, the licensee shall, not more than 30 days
						after such action, file with the Commissioner a report containing a copy of the
						resolution of the board and a copy of the amendment of the financing assistance
						policy or of the new financing assistance policy, 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: 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 12 - Transaction of Business › Subarticle 4 - Unsafe and Unsound Acts › Section 50.12300 - Scope

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
This Subarticle contains regulations relating to unsafe
						and unsound acts regarding the transaction of business by 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 12 - Transaction of Business › Subarticle 4 - Unsafe and Unsound Acts › Section 50.12301 - Concentrations

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) It generally
					 constitutes an unsafe and unsound act for a licensee to provide, or to commit
					 to provide, financing assistance in an unduly large amount to:
(1) Any single business firm;
(2) Business firms which are affiliated with
					 each other; or
(3) Business firms
					 which are engaged in the same type, or similar types, of business, unless such
					 business firms are widely diversified by geographical
					 location.
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 13 - Records › Subarticle 1 - General Provisions › Section 50.14000 - Scope

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
This Article contains regulations relating to the records
						of a licensee. This Subarticle contains general provisions relating to the
						records of a licensee. Subarticle 2 (commencing with Section
						50.14100) of this Article contains
						regulations relating to the records of a licensee regarding financing
						assistance transactions. Subarticle 3 (commencing with Section
						50.14200) of this Article contains
						regulations relating to the granting of approval pursuant to Financial Code
						Section
						31508 for a
						licensee to have any other person make or keep any of the records of such
						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 13 - Records › Subarticle 1 - General Provisions › Section 50.14001 - Generally Accepted Accounting Principles

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
A licensee shall make and keep its records in conformity
						with generally accepted accounting principles.
1. Change
						without regulatory effect amending section filed 7-2-91 pursuant to section
						100, title 1, California Code of
						Regulations (Register 91, No. 40).
Note: Authority cited: Section
						  31101,
						  Financial Code. Reference: Section
						  31501,
						  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 13 - Records › Subarticle 1 - General Provisions › Section 50.14002 - Place

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Except as the Commissioner may otherwise order pursuant
						to Financial Code Section
						31501 or
						otherwise approve pursuant to Financial Code Section
						31508, a
						licensee shall make and keep all of its records at its offices. (For
						regulations relating to approval pursuant to Financial Code Section
						31508 for
						records of a licensee to be made or kept at places other than the offices of
						such licensee, refer to Subarticle 3 (commencing with Section
						50.14200) of this
						Article.)
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
						  31501,
						  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 13 - Records › Subarticle 2 - Records Regarding Financing Assistance Transactions › Section 50.14100 - Scope

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
This Subarticle contains regulations relating to the
						records of a licensee regarding financing assistance
						transactions.
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 13 - Records › Subarticle 2 - Records Regarding Financing Assistance Transactions › Section 50.14101 - Ceasing to Hold Interest in Financing Assistance

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
For purposes of this Subarticle, a licensee shall be
						deemed to cease to hold any interest in financing assistance provided by such
						licensee to a business firm when each lease, note, and other security which
						such business firm issued to the licensee in consideration of such financing
						assistance is:
(a) Transferred by the
					 licensee to another person (other than a subsidiary of the licensee) for
					 valuable consideration and without recourse;
(b) Charged off by the licensee; or
(c) Paid, redeemed, or otherwise
					 terminated.
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 13 - Records › Subarticle 2 - Records Regarding Financing Assistance Transactions › Section 50.14102 - Time for Keeping Records

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
In a case where a licensee provides financing assistance,
						the licensee shall keep the records relating to providing financing assistance
						which are called for in this Subarticle for a period of not less than two years
						after such licensee ceases to hold any interest in such financing
						assistance.
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: Section
						  31501,
						  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 13 - Records › Subarticle 2 - Records Regarding Financing Assistance Transactions › Section 50.14103 - Rejection of Application for Financing Assistance. [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 13 - Records › Subarticle 2 - Records Regarding Financing Assistance Transactions › Section 50.14104 - Providing Financing Assistance: General Requirement

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
In each case where a licensee provides financing
						assistance, such licensee shall make and keep such records as may be necessary
						to enable the Commissioner to examine and evaluate the financing
						assistance.
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
						  31501,
						  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 13 - Records › Subarticle 2 - Records Regarding Financing Assistance Transactions › Section 50.14105 - Providing Financing Assistance: Financial Statements. [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 13 - Records › Subarticle 2 - Records Regarding Financing Assistance Transactions › Section 50.14106 - Providing Financing Assistance: Evaluations. [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 13 - Records › Subarticle 3 - Records Made or Kept by Other Persons › Part 1 - General Provisions › Section 50.14200 - Scope

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
This Subarticle contains regulations relating to the
						  granting of approval pursuant to Financial Code Section
						  31508 for a
						  licensee to have any other person make or keep any of the records of such
						  licensee. This Part contains general provisions relating to the granting of
						  approval for a licensee to have any other person make or keep any of the
						  records of such licensee. Part 2 (commencing with Section
						  50.14225) of this Subarticle
						  contains regulations which set forth blanket approvals for a licensee to have
						  another person make or keep the records of such licensee. Part 3 (commencing
						  with Section
						  50.14250) of this Subarticle
						  contains regulations relating to the granting of approval in a specific case
						  for a licensee to have another person make or keep any of the records of such
						  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 13 - Records › Subarticle 3 - Records Made or Kept by Other Persons › Part 2 - Blanket Approvals › Section 50.14225 - Scope

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
This Part contains regulations which set forth blanket
						  approvals for a licensee to have another person make or keep the records of
						  such 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 13 - Records › Subarticle 3 - Records Made or Kept by Other Persons › Part 2 - Blanket Approvals › Section 50.14226 - Temporary Keeping of Records

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Pursuant to Financial Code Section
						  31508,
						  approval is granted for a licensee to have any responsible person make or keep
						  any of the records (other than ledger accounts) of such licensee on a temporary
						  basis if and to the extent necessary or convenient for the transaction of the
						  business of the 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 13 - Records › Subarticle 3 - Records Made or Kept by Other Persons › Part 2 - Blanket Approvals › Section 50.14227 - Records Relating to Registration or Transfer of Securities

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Pursuant to Financial Code Section
						  31508,
						  approval is granted for a licensee to have a commercial bank or trust company
						  which is organized under the laws of the State of California or a national bank
						  which maintains its head office in the State of California make or keep records
						  relating to the registration or transfer of securities issued by such
						  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 13 - Records › Subarticle 3 - Records Made or Kept by Other Persons › Part 2 - Blanket Approvals › Section 50.14228 - Corporate Records

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Pursuant to Financial Code Section
						  31508,
						  approval is granted for a licensee to have any attorney at law make minutes of
						  any proceedings of the shareholders or members, of the board, or of committees
						  of the board of such licensee and to make other corporate records of the
						  licensee. This approval is subject to the condition that the licensee shall
						  cause any such records, when made, to be promptly transferred to and thereafter
						  kept at an office of the 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 13 - Records › Subarticle 3 - Records Made or Kept by Other Persons › Part 2 - Blanket Approvals › Section 50.14229 - Storage of Records

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Pursuant to Financial Code Section
						  31508,
						  approval is granted for a licensee to have any responsible storage facility in
						  the State of California keep records of such licensee which are not required by
						  the licensee for the transaction of current 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 13 - Records › Subarticle 3 - Records Made or Kept by Other Persons › Part 3 - Specific Approvals › Section 50.14250 - Scope

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
This Part contains regulations relating to the granting
						  of approval in a specific case for a licensee to have another person make or
						  keep any of the records of such 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 13 - Records › Subarticle 3 - Records Made or Kept by Other Persons › Part 3 - Specific Approvals › Section 50.14251 - Application

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
An application by a licensee for approval to have
						  another person make or keep any of the records of such licensee shall contain
						  the following information:
(a) State
						the name and address of the other person.
(b) Describe the business of the other
						person.
(c) Identify the records of
						the licensee which are proposed to be made or kept by the other
						person.
(d) Describe the functions
						which are proposed to be performed by the other person with respect to such
						records.
1.
						  Repealer of subsections (e)-(g)(2) 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
							 31508,
							 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 13 - Records › Subarticle 3 - Records Made or Kept by Other Persons › Part 3 - Specific Approvals › Section 50.14252 - Administrative Standards: Review by Independent Certified Public Accountant

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
As an administrative standard, the Commissioner
						  generally will deny an application by a licensee for approval to have another
						  person make or keep any of the records of such licensee in a case where it is
						  proposed that the other person provide data processing services for the
						  licensee, unless such other person contracts in writing with the licensee that
						  the other person will, at its expense, have its operations and controls
						  reviewed at least once every 12 months by an independent certified public
						  accountant in accordance with the standards and guidelines of the American
						  Institute of Certified Public Accountants and that the other person will, at
						  its expense, provide a copy of each report of such independent certified public
						  accountant to the licensee.
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
							 31508,
							 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 13 - Records › Subarticle 3 - Records Made or Kept by Other Persons › Part 3 - Specific Approvals › Section 50.14253 - Administrative Standard: Records Within State of California

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 have
						  another person make or keep any of the records of such licensee unless such
						  other person will make and keep such records within the State of
						  California.
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
							 31508,
							 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 14 - Reports › Subarticle 1 - General Provisions › Section 50.15000 - Scope

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
This Article contains regulations relating to reports
						required of a licensee and of other persons. This Subarticle contains general
						provisions relating to reports required of a licensee and of other persons.
						Subarticle 2 (commencing with Section
						50.15100) of this Article contains
						regulations relating to the annual report of a licensee to the Commissioner.
						(Subarticle 3 of this Article is reserved.) Subarticle 4 (commencing with
						Section 50.15300) of this Article contains
						regulations relating to reports which a licensee and other persons are required
						to file with the Commissioner pursuant to Financial Code Section
						31506.
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
						  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 14 - Reports › Subarticle 1 - General Provisions › Section 50.15001 - Definitions

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
In this Article, "annual report to the Commissioner,"
						when used with respect to a licensee, means the report which such licensee is
						required to file with the Commissioner pursuant to Financial Code Section
						31504.
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
						  31504,
						  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 14 - Reports › Subarticle 2 - Annual Report to Commissioner › Section 50.15100 - Scope

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
This Subarticle contains regulations relating to the
						annual report of a licensee to the Commissioner.
1. Change
						without regulatory effect amending subarticle heading and 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
						  31504,
						  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 14 - Reports › Subarticle 2 - Annual Report to Commissioner › Section 50.15101 - Definition

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
In this Subarticle, "fiscal year" means the fiscal year
						of a licensee next preceding the filing of the annual report of such
						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 14 - Reports › Subarticle 2 - Annual Report to Commissioner › Section 50.15102 - Information Required

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
The annual report of a licensee to the Commissioner shall
						contain, in addition to the information called for in Subdivisions (a) and (b)
						of Financial Code Section
						31504, the
						information called for in Section
						50.15103.
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
						  31504,
						  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 14 - Reports › Subarticle 2 - Annual Report to Commissioner › Section 50.15103 - Information Regarding Financial Statements

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
In case the licensee has any subsidiaries, provide the
						financial statements called for in Subdivision (a) of Financial Code Section
						31504 on a
						consolidated basis.
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: Section
						  31504,
						  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 14 - Reports › Subarticle 2 - Annual Report to Commissioner › Section 50.15104 - Information Regarding Business. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. Change
						without regulatory effect amending subsection (b) filed 7-2-91 pursuant to
						section 100, title 1, California Code of
						Regulations (Register 91, No. 40).
2. Repealer 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: Section
						  31504,
						  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 14 - Reports › Subarticle 2 - Annual Report to Commissioner › Section 50.15105 - Information Regarding Directors, Officers, and Offices. [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 14 - Reports › Subarticle 3 - Reserved [Repealed] › Section 50.15200 - 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 14 - Reports › Subarticle 3 - Reserved [Repealed] › Section 50.15201 - Information Required

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 14 - Reports › Subarticle 4 - Other Reports › Section 50.15300 - Scope

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
This Subarticle contains regulations relating to reports
						which a licensee and other persons are required to file pursuant to Financial
						Code Section
						31506.
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 14 - Reports › Subarticle 4 - Other Reports › Section 50.15301 - Other Licenses

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a)
					 Whenever a licensee files with a governmental agency an application for a
					 license (other than an application for a license under a law which is a tax law
					 rather than a regulatory law), such licensee shall concurrently file with the
					 Commissioner a report containing a copy of such application.
(b) Whenever a licensee files with a
					 governmental agency an amendment of any application of the type referred to in
					 Subdivision (a) of this Section, such licensee shall concurrently file with the
					 Commissioner a report containing a copy of such amendment.
(c) Whenever an application for a license of
					 the type referred to in Subdivision (a) of this Section by a licensee is
					 approved or denied, such licensee shall promptly file with the Commissioner a
					 report containing a copy of such approval or denial.
(d) Whenever proceedings are initiated to
					 suspend or revoke any license of a licensee (other than a license issued by the
					 Commissioner), such licensee shall promptly file with the Commissioner a report
					 containing a copy of the notice, complaint, or other document by which such
					 proceedings were initiated.
(e)
					 Whenever any license of a licensee (other than a license issued by the
					 Commissioner) is suspended or revoked such licensee shall promptly file with
					 the Commissioner a report containing a copy of the order, decision, or other
					 document by which such license was suspended or revoked.
(f) Whenever a licensee surrenders for
					 cancellation any license (other than a license issued by the Commissioner),
					 such licensee shall promptly file with the Commissioner a report containing the
					 following information:
(1) Identify the
					 license and the governmental agency by which the license was issued.
(2) State the date on which the license was
					 surrendered.
(3) State the reasons
					 why the license was surrendered.
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 14 - Reports › Subarticle 4 - Other Reports › Section 50.15302 - Eligibility Under Small Business Act

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) Whenever a licensee files with the Small
					 Business Administration an application for eligibility to participate with the
					 Small Business Administration in making loans, such licensee shall concurrently
					 file with the Commissioner a report containing a copy of such
					 application.
(b) Whenever a
					 licensee files with the Small Business Administration an amendment of any
					 application of the type referred to in Subdivision (a) of this Section, such
					 licensee shall concurrently file with the Commissioner a report containing a
					 copy of such amendment.
(c)
					 Whenever an application of the type referred to in Subdivision (a) of this
					 Section by a licensee is approved or denied, such licensee shall promptly file
					 with the Commissioner a report containing a copy of such approval or
					 denial.
(d) Whenever proceedings
					 are initiated to suspend or revoke the eligibility of a licensee to participate
					 with the Small Business Administration in making loans, such licensee shall
					 promptly file with the Commissioner a report containing a copy of the notice,
					 complaint, or any other document by which such proceedings were
					 initiated.
(e) Whenever the
					 eligibility of a licensee to participate with the Small Business Administration
					 in making loans is suspended or revoked, such licensee shall promptly file with
					 the Commissioner a report containing a copy of the order, decision, or other
					 document by which such eligibility was suspended or revoked.
(f) Whenever a licensee surrenders for
					 cancellation its eligibility to participate with the Small Business
					 Administration in making loans, such licensee shall promptly file with the
					 Commissioner a report containing the following information:
(1) Identify the eligibility of the licensee
					 to participate with the Small Business Administration in making
					 loans.
(2) State the date on which
					 the eligibility was surrendered.
(3) State the reasons why the eligibility was
					 surrendered.
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 14 - Reports › Subarticle 4 - Other Reports › Section 50.15303 - Securities: Securities and Exchange Commission

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) Whenever a licensee files with the
					 Securities and Exchange Commission a registration statement pursuant to the
					 Securities Act of 1933 or a notification pursuant to Regulation A, E, or F of
					 the Securities and Exchange Commission with respect to the offer or sale of any
					 security issued by such licensee, the licensee shall concurrently file with the
					 Commissioner a report containing a copy of such registration statement or of
					 such notification, as the case may be.
(b) Whenever a licensee files with the
					 Securities and Exchange Commission a registration statement, report, or proxy
					 statement pursuant to the Securities Exchange Act of 1934, such licensee shall
					 concurrently file with the Commissioner a report containing a copy of such
					 registration statement, report, or proxy statement, as the case may
					 be.
(c) Whenever a licensee files
					 with the Securities and Exchange Commission an amendment of any document
					 referred to in Subdivision (a) or (b) of this Section, such licensee shall
					 concurrently file with the Commissioner a report containing a copy of such
					 amendment.
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 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 14 - Reports › Subarticle 4 - Other Reports › Section 50.15304 - Securities: Commissioner of Corporations

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) Whenever a licensee files with the
					 Commissioner of Corporations an application for qualification pursuant to the
					 Corporate Securities Law of 1968 (Division 1 (commencing with Section
					 25000), Title 4 of the
					 Corporations Code) to sell any security issued by such licensee, the licensee
					 shall concurrently file with the Commissioner a report containing a copy of
					 such application.
(b) Whenever a
					 licensee files with the Commissioner of Corporations an amendment of an
					 application of the type referred to in Subdivision (a) of this Section, such
					 licensee shall concurrently file with the Commissioner a report containing a
					 copy of such amendment.
(c)
					 Whenever an application of the type referred to in Subdivision (a) of this
					 Section by a licensee is approved or denied, such licensee shall promptly file
					 with the Commissioner a report containing a copy of such approval or
					 denial.
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.