CHAPTER 1. General Provisions [31000. - 31056.]
Chapter 1 added by Stats. 1977, Ch. 1164.
§§ 31000–31056 · 37 sections
ARTICLE 1. Short Title, Construction, and Severability §§ 31000–31006 · 6 sections
- § 31000 This division shall be known and may be cited as the “Business and Industrial Development Corporations Law”.
- § 31001 This division shall be liberally construed to accomplish its purposes.
- § 31002 No provision of this division imposing any liability applies to any act committed in good faith in conformity with any regulation, order, or written…
- § 31003 In this division, unless otherwise expressly provided: (a) A reference to a statute or to a regulation includes such statute or regulation as amended, whether…
- § 31004 Except as otherwise provided in Chapter 14 (commencing with Section 31950) of this division: (a) The provisions of the Nonprofit Corporation Law (Division 2…
- § 31006 If any provision of this division or the application thereof to any person or circumstances is held invalid, illegal, or unenforceable, such invalidity,…
ARTICLE 2. Legislative Findings and Purposes §§ 31020–31021 · 2 sections
- § 31020 The Legislature finds all of the following: (a) That it is necessary to increase job opportunities in this state. (b) That promoting the establishment, growth,…
- § 31021 (a) The purposes of this division are: (1) To provide for the licensing and regulation of business and industrial development corporations which will provide…
ARTICLE 3. Definitions §§ 31030–31056 · 29 sections
- § 31030 Subject to additional definitions contained in this division which are applicable to specific provisions of this division and unless the context otherwise…
- § 31031 “Act” includes omission.
- § 31032 “Affiliate”, when used with respect to a specified person, means any person (other than a natural person) controlling, controlled by, or under common control…
- § 31033 “Business day” means any day other than (a) Saturday, (b) Sunday, and(c) any other day which is specified or provided for as a holiday in the Government Code.
- § 31034 “Business firm” means any person which transacts business on a regular and continual basis, with respect to the transacting of such business.
- § 31034.5 “Business firm in another state” means both of the following: (a) Any person which transacts business on a regular and continual basis at one or more places of…
- § 31035 “Business firm in this state” means: (a) Any person which transacts business on a regular and continual basis at one or more places of business in this state,…
- § 31036 “California corporation” means: (a) Any corporation organized under the General Corporation Law (Division 1 (commencing with Section 100), Title 1 of the…
- § 31037 “California nonprofit corporation” means any corporation organized under the Nonprofit Corporation Law (Division 2 (commencing with Section 5000) of Title 1 of…
- § 31038 “Control”, when used with respect to a specified person, means possession, direct or indirect, of the power to do either of the following: (a) To vote 35…
- § 31039 “Controlling person”, when used with respect to a specified person, means any person who controls such specified person, directly or indirectly through one or…
- § 31040 “Corporate name” means the name of a corporation as set forth in the articles of incorporation of such corporation.
- § 31041 “Financial institution” means any commercial bank, trust company, savings and loan association, credit union, industrial loan company, insurance company, or…
- § 31042 “Insolvent”, when used with respect to any person, means a person who has ceased to pay his debts in the ordinary course of business, who cannot pay his debts…
- § 31043 To “issue”, when used with respect to any regulation or order, includes to adopt, amend, repeal, or rescind.
- § 31044 “License” means a license issued under this division authorizing a California corporation to transact business as a business and industrial development…
- § 31045 “Licensee” means a California corporation which is licensed under this division.
- § 31046 “Officer” means: (a) When used with respect to a corporation, any person appointed or designated as an officer of such corporation by or pursuant to applicable…
- § 31047 “Order” means any approval, consent, authorization, exemption, denial, prohibition, or requirement applicable to a specific case issued by the commissioner.…
- § 31047.5 “Parent,” when used with respect to a specified person other than a natural person, means any person other than a natural person which controls the specified…
- § 31048 “Person” means any natural person, proprietorship, joint venture, partnership, trust, business trust, syndicate, association, joint stock company, corporation,…
- § 31049 “Principal shareholder”, when used with respect to a corporation, means any person who owns, directly or indirectly, of record or beneficially, securities…
- § 31050 To “provide financing assistance” to a person includes: (a) To lend money or otherwise extend credit to such person; (b) To purchase securities issued by such…
- § 31051 To “provide management assistance” to a person includes: (a) To provide management or technical advice to such person; and (b) To provide management or…
- § 31052 “Regulation” means any published regulation, rule, or standard of general application issued by the commissioner.
- § 31053 “Security” has the meaning set forth in Section 25019 of the Corporations Code.
- § 31054 “Subsidiary”, when used with respect to a specified person other than a natural person, means any person other than a natural person controlled by such…
- § 31055 “Commissioner” means the Commissioner of Financial Protection and Innovation, or other person to whom the commissioner delegates the authority to act for the…
- § 31056 “Voting power” has the meaning set forth in Corporations Code Section 194.5.