California Financial Code ARTICLE 3 - Definitions

• Section 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...
• Section 31031.
  “Act” includes omission.(Added by Stats. 1977, Ch. 1164.)
• Section 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,...
• Section 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.(Added...
• Section 31034.
  “Business firm” means any person which transacts business on a regular and continual basis, with respect to the transacting of such business.(Added by Stats. 1977,...
• Section 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...
• Section 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...
• Section 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...
• Section 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)...
• Section 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...
• Section 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...
• Section 31040.
  “Corporate name” means the name of a corporation as set forth in the articles of incorporation of such corporation.(Added by Stats. 1977, Ch. 1164.)
• Section 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...
• Section 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...
• Section 31043.
  To “issue”, when used with respect to any regulation or order, includes to adopt, amend, repeal, or rescind.(Added by Stats. 1977, Ch. 1164.)
• Section 31044.
  “License” means a license issued under this division authorizing a California corporation to transact business as a business and industrial development corporation.(Added by Stats. 1977,...
• Section 31045.
  “Licensee” means a California corporation which is licensed under this division.(Added by Stats. 1977, Ch. 1164.)
• Section 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...
• Section 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...
• Section 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...
• Section 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...
• Section 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...
• Section 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...
• Section 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.(Added...
• Section 31052.
  “Regulation” means any published regulation, rule, or standard of general application issued by the commissioner.(Amended by Stats. 1996, Ch. 1064, Sec. 626. Effective January 1,...
• Section 31053.
  “Security” has the meaning set forth in Section 25019 of the Corporations Code.(Added by Stats. 1977, Ch. 1164.)
• Section 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...
• Section 31055.
  “Commissioner” means the Commissioner of Business Oversight, or other person to whom the commissioner delegates the authority to act for him or her in the...
• Section 31056.
  “Voting power” has the meaning set forth in Corporations Code Section 194.5.(Added by Stats. 1977, Ch. 1164.)

Last modified: October 22, 2018