California Corporations Code

§ 28200

CORP § 28200 Effective Jan 1, 1999Div. 3 · Title 4 · Ch. 4 · Art. 1

Statute text

The organizational documents of the licensee shall include the following statement:

(a)The activities of the licensee are limited to the promotion of economic, business, or industrial development in the State of California through the provision of financial or managerial assistance primarily to small business firms and to other activities that are incidental or necessary to carry out that purpose.

(b)The licensee will not engage in the business of issuing redeemable securities.

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Legislative history

Added by Stats. 1998, Ch. 668, Sec. 3. Effective January 1, 1999. Operative July 1, 1999, by Sec. 4 of Ch. 668.