California Corporations Code

§ 14004.2

CORP § 14004.2 Effective Oct 4, 2013Div. 3 · Title 1 · Part 5 · Ch. 1 · Art. 3

Statute text

The bank board shall approve new corporations recommended by the program manager, based on an examination of each of the following:

(a)Review of the articles of incorporation and bylaws of the corporation to determine whether they contain the provisions required by this chapter and conform with the directives and requirements adopted by the bank board pursuant to this chapter.

(b)Determination as to whether the legislative intent expressed in Section 14001 will be served by the proposed corporation.

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Legislative history

Added by Stats. 2013, Ch. 537, Sec. 2. (AB 1247) Effective October 4, 2013.