{"code":"FIN","codeName":"Financial Code","section":"2031","citation":"Fin. Code, § 2031","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 1.2. MONEY TRANSMISSION ACT [2000. - 2176.]","url":"https://blackletter.si/financial-code/division-1.2"},{"name":"CHAPTER 3. Licenses [2030. - 2043.]","url":"https://blackletter.si/financial-code/division-1.2/chapter-3"}],"history":"Amended by Stats. 2014, Ch. 499, Sec. 4.   (AB 2209)   Effective January 1, 2015.","effective":"2015-01-01","html":"<p>Only the following persons may apply for or be issued a license:</p><p>(a) A corporation or limited liability company organized under the laws of this state.</p><p>(b) A corporation, other than a corporation organized under the laws of this state, that is qualified to transact intrastate business in this state under Chapter 21 (commencing with Section <a href=\"/fin/2100\">2100</a>) of Division 1 of Title 1 of the Corporations Code.</p><p>(c) A limited liability company, other than a limited liability company organized under the laws of this state, that is qualified to transact intrastate business in this state under Article 8 (commencing with Section 17708.01) of the Corporations Code, except a limited liability company that is organized outside the United States shall not be issued a license.</p>","text":"Only the following persons may apply for or be issued a license: (a) A corporation or limited liability company organized under the laws of this state. (b) A corporation, other than a corporation organized under the laws of this state, that is qualified to transact intrastate business in this state under Chapter 21 (commencing with Section 2100) of Division 1 of Title 1 of the Corporations Code. (c) A limited liability company, other than a limited liability company organized under the laws of this state, that is qualified to transact intrastate business in this state under Article 8 (commencing with Section 17708.01) of the Corporations Code, except a limited liability company that is organized outside the United States shall not be issued a license.","otherVersions":[],"url":"https://blackletter.si/financial-code/licenses-2031","source":"California Legislative Information bulk export (pubinfo)"}