California Code of Regulations
Title 10 - Investment
Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions
Subchapter 40 - Industrial Loans
Article 2 - Applications
Section 40.200 - Articles of Incorporation and Bylaws: Submission to Commissioner
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
(a) Before the articles of incorporation of an industrial loan company or any proposed amendments to the articles of incorporation are filed with the Secretary of State, a draft of the articles or the proposed amendment shall be submitted to the Commissioner for written approval.
(b) A draft of the bylaws of an individual loan company or any proposed amendments to the bylaws shall be submitted to the Commissioner for written approval before adoption.
(c) Within ten days after the articles of incorporation or amendments thereto have been filed with the Secretary of State, a copy of the articles or amendments showing the date of filing with the Secretary of State shall be filed with the Commissioner. Within ten days after the bylaws or amendments thereto have been adopted, a copy of the bylaws or amendments showing the date of adoption shall be filed with the Commissioner.
1. Change without regulatory effect adding new article 2 (section 40.200) and renumbering and amending former section 1125 to new section 40.200 filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34).
Note: Authority cited: Section 18347, Financial Code. Reference: Sections 18101.5 and 18102, Financial Code.
