CHAPTER 1. General Provisions [28000. - 28049.]
Chapter 1 added by Stats. 1998, Ch. 668, Sec. 3.
§§ 28000–28049 · 26 sections
ARTICLE 1. Short Title and Construction §§ 28000–28004 · 5 sections
- § 28000 This division shall be known and may be cited as the “Capital Access Company Law.”
- § 28001 This division shall be liberally construed to accomplish its purposes.
- § 28002 The provisions of the Corporate Securities Law of 1968 (Division 1 (commencing with Section 25000) of Title 4) shall apply to licensees.
- § 28003 The Legislature finds all of the following: (a) It is necessary to increase job opportunities in the state. (b) Promoting the establishment, growth, and…
- § 28004 (a) The purpose of this division is to provide for the licensure and regulation of capital access companies that will provide risk capital and management…
ARTICLE 2. Definitions §§ 28030–28049 · 21 sections
- § 28030 Subject to additional definitions contained in this division which are applicable to specific provisions of this division, and unless the context otherwise…
- § 28031 “Accredited investor” means a person who is defined in Section 2(a)(15) of the Securities Act of 1933, or any other person that the Securities and Exchange…
- § 28032 “Affiliate” means any person or persons controlling, controlled by, or under common control with, other specified persons.
- § 28033 “Commissioner” means the Commissioner of Financial Protection and Innovation or their designee with respect to a particular matter.
- § 28034 “Company” means a corporation, limited partnership, limited liability company, or other form of business entity, which is organized under the laws of the State…
- § 28035 “Control” means the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a specified person.
- § 28036 “Controlling person,” when used with respect to a specified person, means any person who controls the specified person, directly or indirectly, through one or…
- § 28037 “Insolvent,” when used with respect to any person, means a person who has ceased to pay his or her debts in the ordinary course of business, who cannot pay his…
- § 28038 “License” means a license issued under this division authorizing a licensee to transact business as a capital access company.
- § 28039 “Licensee” means a company that is licensed under this division.
- § 28040 “Officer” means either of the following: (a) When used with respect to a corporation, any person appointed or designated as an officer of the corporation by or…
- § 28041 “Order” means any approval, consent, authorization, exemption, denial, prohibition, or requirement applicable to a specific case issued by the commissioner.…
- § 28042 “Parent,” when used with respect to a specified person other than a natural person, means any person other than a natural person that controls the specified…
- § 28043 “Person” means any natural person, proprietorship, joint venture, partnership, trust, business trust, syndicate, association, joint stock company, corporation,…
- § 28044 “Principal security holder,” means any person who owns, directly or indirectly, of record or beneficially, securities representing 10 percent or more of the…
- § 28045 “To provide financing assistance to a person” means to purchase securities issued by the person, either directly from the person, or indirectly through a…
- § 28046 “Security” has the meaning set forth in Section 25019.
- § 28047 “Small business firm” means a person that proposes to transact, or transacts, business on a regular and continuous basis in California and, together with its…
- § 28047.1 “Smaller business firm” means a person that proposes to transact, or transacts, business on a regular and continuous basis in California and, together with its…
- § 28048 “Subsidiary,” when used with respect to a specified person other than a natural person, means any person other than a natural person controlled by the…
- § 28049 “Voting power” has the meaning set forth in Section 194.5.