California Business and Professions Code

§ 23405

BPC § 23405 Effective Jan 1, 1999Div. 9 · Ch. 3 · Art. 3

Statute text

(a)Any corporation holding a license under this division shall maintain a record of its shareholders at the principal office of the corporation in California and the record of its shareholders shall be available to the department for inspection. The corporation shall report to the department in writing any of the following:

(1)Issuance or transfer of any shares of stock to any person where the issuance or transfer results in the person owning 10 percent or more of the corporate stock.

(2)Change in any of the corporate officers which are required by Section 312 of the Corporations Code.

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Legislative history

Amended by Stats. 1998, Ch. 639, Sec. 4. Effective January 1, 1999.