California Financial Code ARTICLE 1 - Organizing Permit

• Section 5400.
  (a) No funds from proposed stockholders, members, or organizers of any proposed association may be collected until a verified application for an organizing permit has been...
• Section 5401.
  The application for an organizing permit shall be in writing and shall be filed in the office of the commissioner. The application shall be executed...
• Section 5402.
  (a) The commissioner may impose conditions in an organizing permit concerning the deposit in escrow of funds collected pursuant to the permit, the manner of expenditure...
• Section 5403.
  (a) Before filing an application for an organizing permit with the commissioner under Section 5400, an organizer shall file with the Secretary of State an application...

Last modified: October 22, 2018