California Corporations Code ARTICLE 2 - Definitions

  • Section 28030.
    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...
  • Section 28031.
    “Accredited investor” means a person who is defined in Section 2(a)(15) of the Securities Act of 1933, or any other person that the Securities and...
  • Section 28032.
    “Affiliate” means any person or persons controlling, controlled by, or under common control with, other specified persons.(Added by Stats. 1998, Ch. 668, Sec. 3. Effective...
  • Section 28033.
    “Commissioner” means the Commissioner of Business Oversight or his or her designee with respect to a particular matter.(Amended by Stats. 2013, Ch. 352, Sec. 64....
  • Section 28034.
    “Company” means a corporation, limited partnership, limited liability company, or other form of business entity, which is organized under the laws of the State of...
  • Section 28035.
    “Control” means the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a specified person.(Added...
  • Section 28036.
    “Controlling person,” when used with respect to a specified person, means any person who controls the specified person, directly or indirectly, through one or more...
  • Section 28037.
    “Insolvent,” when used with respect to any person, means a person who has ceased to pay his or her debts in the ordinary course of...
  • Section 28038.
    “License” means a license issued under this division authorizing a licensee to transact business as a capital access company.(Added by Stats. 1998, Ch. 668, Sec....
  • Section 28039.
    “Licensee” means a company that is licensed under this division.(Added by Stats. 1998, Ch. 668, Sec. 3. Effective January 1, 1999. Operative July 1, 1999,...
  • Section 28040.
    “Officer” means either of the following:(a) When used with respect to a corporation, any person appointed or designated as an officer of the corporation by or...
  • Section 28041.
    “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...
  • Section 28042.
    “Parent,” when used with respect to a specified person other than a natural person, means any person other than a natural person that controls the...
  • Section 28043.
    “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...
  • Section 28044.
    “Principal security holder,” means any person who owns, directly or indirectly, of record or beneficially, securities representing 10 percent or more of the voting power...
  • Section 28045.
    “To provide financing assistance to a person” means to purchase securities issued by the person, either directly from the person, or indirectly through a securities...
  • Section 28046.
    “Security” has the meaning set forth in Section 25019.(Added by Stats. 1998, Ch. 668, Sec. 3. Effective January 1, 1999. Operative July 1, 1999, by...
  • Section 28047.
    “Small business firm” means a person that proposes to transact, or transacts, business on a regular and continuous basis in California and, together with its...
  • Section 28047.1.
    “Smaller business firm” means a person that proposes to transact, or transacts, business on a regular and continuous basis in California and, together with its...
  • Section 28048.
    “Subsidiary,” when used with respect to a specified person other than a natural person, means any person other than a natural person controlled by the...
  • Section 28049.
    “Voting power” has the meaning set forth in Section 194.5.(Added by Stats. 1998, Ch. 668, Sec. 3. Effective January 1, 1999. Operative July 1, 1999,...

Last modified: October 22, 2018