CHAPTER 4. Corporate Matters [31200. - 31233.]

Chapter 4 added by Stats. 1977, Ch. 1164.

§§ 31200–31233 · 9 sections

1. ARTICLE 1. Name §§ 31200–31201 · 2 sections

   • § 31200 The corporate name of each licensee shall include the phrase “California business and industrial development corporation”.
   • § 31201 No licensee shall, except with the prior approval of the commissioner, transact business under any name other than its corporate name.
2. ARTICLE 2. Board of Directors §§ 31210–31211 · 2 sections

   • § 31210 The board of directors of each licensee shall consist of not less than five directors.
   • § 31211 The board of directors of each licensee shall hold a meeting not less frequently than once each calendar quarter.
3. ARTICLE 3. Securities § 31220 · 1 section

   • § 31220 Notwithstanding any other law of this state, but subject to the provisions of Section 31550: (a) Any commercial bank, industrial bank, or trust company…
4. ARTICLE 4. Distributions to Shareholders §§ 31230–31233 · 4 sections

   • § 31230 In this article, “distribution to its shareholders” has the meaning set forth in Corporations Code Section 166.
   • § 31231 No licensee shall, except with the prior approval of the commissioner, make, or obligate itself to make, any distribution to its shareholders.
   • § 31232 If the commissioner finds, with respect to an application for approval for a licensee to make, or to obligate itself to make, a distribution to its…
   • § 31233 Notwithstanding the provisions of Section 31232, unless an application for approval for a licensee to make, or to obligate itself to make, a distribution to…