31030. Subject to additional definitions contained in this division
which are applicable to specific provisions of this division and
unless the context otherwise requires, the definitions in this
article apply throughout this division.
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 with, such specified person,
directly or indirectly through one or more intermediaries.
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 business in another state of the
United States or the District of Columbia, with respect to the
transacting of that business at those places of business.
(b) Any person which proposes to establish one or more places of
business in another state of the United States or in the District of
Columbia and to transact business on a regular and continual basis at
those places of business, with respect to the establishment of those
places of business and the transacting of that business at those
places of business.
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, with respect
to the transacting of such business at such places of business; or
(b) Any person which proposes to establish one or more places of
business in this state and to transact business on a regular and
continual basis at such places of business, with respect to the
establishment of such places of business and the transacting of such
business at such places of business.
31036. "California corporation" means:
(a) Any corporation organized under the General Corporation Law
(Division 1 (commencing with Section 100), Title 1 of the
Corporations Code) or any predecessor statute; provided, however,
that "California corporation" does not include any corporation which
is a close corporation, as defined in Section 158 of the Corporations
Code; or
(b) Any corporation organized under Part 6 (commencing with
Section 14200), Division 3, Title 1 of the Corporations Code, as
added by Chapter 985 of the Statutes of 1975; or
(c) Any California nonprofit corporation.
31037. "California nonprofit corporation" means any corporation
organized under the Nonprofit Corporation Law (Division 2 (commencing
with Section 5000) of Title 1 of the Corporations Code) or any
predecessor statute.
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 percent or more of any class of the voting
securities issued by the specified person.
(b) To direct or cause the direction of the management and
policies of such specified person, whether through the ownership of
voting securities, by contract (other than a commercial contract for
goods or nonmanagement services), or otherwise; provided, however,
that no natural person shall be deemed to control a person solely on
account of being a director, officer, or employee of such person. For
purposes of this subdivision, any person who, directly or
indirectly, owns of record or beneficially, holds with power to vote,
or holds proxies with discretionary authority to vote, 20 percent or
more of any class of the then outstanding voting securities issued
by a corporation shall be rebuttably presumed to control such
corporation. This presumption is a presumption affecting the burden
of proof.
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 more intermediaries.
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 person engaged in the business of
lending money.
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 as they become due, or whose
liabilities exceed his assets.
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 corporation.
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 law or the articles of incorporation or bylaws of such
corporation or any person who performs with respect to such
corporation functions usually performed by an officer of a
corporation; and
(b) When used with respect to a specified person other than a
natural person or a corporation, any person who performs with respect
to such specified person functions usually performed by an officer
of a corporation with respect to such corporation.
31047. "Order" means any approval, consent, authorization,
exemption, denial, prohibition, or requirement applicable to a
specific case issued by the commissioner. "Order" includes any
condition of a license and any agreement made by any person with the
commissioner under this division.
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 person, directly or indirectly
through one or more intermediaries.
31048. "Person" means any natural person, proprietorship, joint
venture, partnership, trust, business trust, syndicate, association,
joint stock company, corporation, limited liability company,
government, agency of any government, or any other organization;
provided, however, that "person", when used with respect to acquiring
control of or controlling a specified person, includes any
combination of two or more persons acting in concert.
31049. "Principal shareholder", when used with respect to a
corporation, means any person who owns, directly or indirectly, of
record or beneficially, securities representing 10 percent or more of
the voting power of such corporation.
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 person, either directly
or indirectly through an underwriter; and
(c) To lease property to such person.
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 technical services to such person.
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 specified person, directly or indirectly
through one or more intermediaries.
31055. "Commissioner" means the Commissioner of Financial
Institutions or any person to whom the Commissioner of Financial
Institutions delegates the authority to act for him or her in the
particular matter.
31056. "Voting power" has the meaning set forth in Corporations
Code Section 194.5.
31030. Subject to additional definitions contained in this division
which are applicable to specific provisions of this division and
unless the context otherwise requires, the definitions in this
article apply throughout this division.
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 with, such specified person,
directly or indirectly through one or more intermediaries.
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 business in another state of the
United States or the District of Columbia, with respect to the
transacting of that business at those places of business.
(b) Any person which proposes to establish one or more places of
business in another state of the United States or in the District of
Columbia and to transact business on a regular and continual basis at
those places of business, with respect to the establishment of those
places of business and the transacting of that business at those
places of business.
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, with respect
to the transacting of such business at such places of business; or
(b) Any person which proposes to establish one or more places of
business in this state and to transact business on a regular and
continual basis at such places of business, with respect to the
establishment of such places of business and the transacting of such
business at such places of business.
31036. "California corporation" means:
(a) Any corporation organized under the General Corporation Law
(Division 1 (commencing with Section 100), Title 1 of the
Corporations Code) or any predecessor statute; provided, however,
that "California corporation" does not include any corporation which
is a close corporation, as defined in Section 158 of the Corporations
Code; or
(b) Any corporation organized under Part 6 (commencing with
Section 14200), Division 3, Title 1 of the Corporations Code, as
added by Chapter 985 of the Statutes of 1975; or
(c) Any California nonprofit corporation.
31037. "California nonprofit corporation" means any corporation
organized under the Nonprofit Corporation Law (Division 2 (commencing
with Section 5000) of Title 1 of the Corporations Code) or any
predecessor statute.
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 percent or more of any class of the voting
securities issued by the specified person.
(b) To direct or cause the direction of the management and
policies of such specified person, whether through the ownership of
voting securities, by contract (other than a commercial contract for
goods or nonmanagement services), or otherwise; provided, however,
that no natural person shall be deemed to control a person solely on
account of being a director, officer, or employee of such person. For
purposes of this subdivision, any person who, directly or
indirectly, owns of record or beneficially, holds with power to vote,
or holds proxies with discretionary authority to vote, 20 percent or
more of any class of the then outstanding voting securities issued
by a corporation shall be rebuttably presumed to control such
corporation. This presumption is a presumption affecting the burden
of proof.
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 more intermediaries.
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 person engaged in the business of
lending money.
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 as they become due, or whose
liabilities exceed his assets.
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 corporation.
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 law or the articles of incorporation or bylaws of such
corporation or any person who performs with respect to such
corporation functions usually performed by an officer of a
corporation; and
(b) When used with respect to a specified person other than a
natural person or a corporation, any person who performs with respect
to such specified person functions usually performed by an officer
of a corporation with respect to such corporation.
31047. "Order" means any approval, consent, authorization,
exemption, denial, prohibition, or requirement applicable to a
specific case issued by the commissioner. "Order" includes any
condition of a license and any agreement made by any person with the
commissioner under this division.
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 person, directly or indirectly
through one or more intermediaries.
31048. "Person" means any natural person, proprietorship, joint
venture, partnership, trust, business trust, syndicate, association,
joint stock company, corporation, limited liability company,
government, agency of any government, or any other organization;
provided, however, that "person", when used with respect to acquiring
control of or controlling a specified person, includes any
combination of two or more persons acting in concert.
31049. "Principal shareholder", when used with respect to a
corporation, means any person who owns, directly or indirectly, of
record or beneficially, securities representing 10 percent or more of
the voting power of such corporation.
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 person, either directly
or indirectly through an underwriter; and
(c) To lease property to such person.
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 technical services to such person.
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 specified person, directly or indirectly
through one or more intermediaries.
31055. "Commissioner" means the Commissioner of Financial
Institutions or any person to whom the Commissioner of Financial
Institutions delegates the authority to act for him or her in the
particular matter.
31056. "Voting power" has the meaning set forth in Corporations
Code Section 194.5.
31030. Subject to additional definitions contained in this division
which are applicable to specific provisions of this division and
unless the context otherwise requires, the definitions in this
article apply throughout this division.
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 with, such specified person,
directly or indirectly through one or more intermediaries.
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 business in another state of the
United States or the District of Columbia, with respect to the
transacting of that business at those places of business.
(b) Any person which proposes to establish one or more places of
business in another state of the United States or in the District of
Columbia and to transact business on a regular and continual basis at
those places of business, with respect to the establishment of those
places of business and the transacting of that business at those
places of business.
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, with respect
to the transacting of such business at such places of business; or
(b) Any person which proposes to establish one or more places of
business in this state and to transact business on a regular and
continual basis at such places of business, with respect to the
establishment of such places of business and the transacting of such
business at such places of business.
31036. "California corporation" means:
(a) Any corporation organized under the General Corporation Law
(Division 1 (commencing with Section 100), Title 1 of the
Corporations Code) or any predecessor statute; provided, however,
that "California corporation" does not include any corporation which
is a close corporation, as defined in Section 158 of the Corporations
Code; or
(b) Any corporation organized under Part 6 (commencing with
Section 14200), Division 3, Title 1 of the Corporations Code, as
added by Chapter 985 of the Statutes of 1975; or
(c) Any California nonprofit corporation.
31037. "California nonprofit corporation" means any corporation
organized under the Nonprofit Corporation Law (Division 2 (commencing
with Section 5000) of Title 1 of the Corporations Code) or any
predecessor statute.
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 percent or more of any class of the voting
securities issued by the specified person.
(b) To direct or cause the direction of the management and
policies of such specified person, whether through the ownership of
voting securities, by contract (other than a commercial contract for
goods or nonmanagement services), or otherwise; provided, however,
that no natural person shall be deemed to control a person solely on
account of being a director, officer, or employee of such person. For
purposes of this subdivision, any person who, directly or
indirectly, owns of record or beneficially, holds with power to vote,
or holds proxies with discretionary authority to vote, 20 percent or
more of any class of the then outstanding voting securities issued
by a corporation shall be rebuttably presumed to control such
corporation. This presumption is a presumption affecting the burden
of proof.
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 more intermediaries.
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 person engaged in the business of
lending money.
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 as they become due, or whose
liabilities exceed his assets.
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 corporation.
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 law or the articles of incorporation or bylaws of such
corporation or any person who performs with respect to such
corporation functions usually performed by an officer of a
corporation; and
(b) When used with respect to a specified person other than a
natural person or a corporation, any person who performs with respect
to such specified person functions usually performed by an officer
of a corporation with respect to such corporation.
31047. "Order" means any approval, consent, authorization,
exemption, denial, prohibition, or requirement applicable to a
specific case issued by the commissioner. "Order" includes any
condition of a license and any agreement made by any person with the
commissioner under this division.
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 person, directly or indirectly
through one or more intermediaries.
31048. "Person" means any natural person, proprietorship, joint
venture, partnership, trust, business trust, syndicate, association,
joint stock company, corporation, limited liability company,
government, agency of any government, or any other organization;
provided, however, that "person", when used with respect to acquiring
control of or controlling a specified person, includes any
combination of two or more persons acting in concert.
31049. "Principal shareholder", when used with respect to a
corporation, means any person who owns, directly or indirectly, of
record or beneficially, securities representing 10 percent or more of
the voting power of such corporation.
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 person, either directly
or indirectly through an underwriter; and
(c) To lease property to such person.
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 technical services to such person.
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 specified person, directly or indirectly
through one or more intermediaries.
31055. "Commissioner" means the Commissioner of Financial
Institutions or any person to whom the Commissioner of Financial
Institutions delegates the authority to act for him or her in the
particular matter.
31056. "Voting power" has the meaning set forth in Corporations
Code Section 194.5.
