{"code":"CORP","codeName":"Corporations Code","section":"28212","citation":"Corp. Code, § 28212","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"TITLE 4. SECURITIES [25000. - 31528.]","url":"https://blackletter.si/corporations-code/title-4"},{"name":"DIVISION 3. CAPITAL ACCESS COMPANIES [28000. - 28958.]","url":"https://blackletter.si/corporations-code/title-4/division-3"},{"name":"CHAPTER 4. Organizational Matters [28200. - 28212.]","url":"https://blackletter.si/corporations-code/title-4/division-3/chapter-4"},{"name":"ARTICLE 2. Directors [28210. - 28212.]","url":"https://blackletter.si/corporations-code/title-4/division-3/chapter-4/article-2"}],"history":"Added by Stats. 1998, Ch. 668, Sec. 3.   Effective January 1, 1999.   Operative July 1, 1999, by Sec. 4 of Ch. 668.","effective":"1999-01-01","html":"<p>The board of directors, executive committee, or other policy body of each licensee shall approve the contract to be entered into between the licensee and any person who will make recommendations with respect to the investment of funds of the licensee.</p>","text":"The board of directors, executive committee, or other policy body of each licensee shall approve the contract to be entered into between the licensee and any person who will make recommendations with respect to the investment of funds of the licensee.","otherVersions":[],"url":"https://blackletter.si/corporations-code/directors-28212","source":"California Legislative Information bulk export (pubinfo)"}