California Code of Regulations
Title 10 - Investment
Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions
Subchapter 50 - Business and Industrial Development Corporations
Article 4 - Issuance of License
Subarticle 1 - General Provisions
Section 50.3002 - Commencement of Business

For purposes of this Article, an applicant shall be deemed to commence business at the time when, the Commissioner having issued such applicant a license, the applicant opens for the purpose of transacting business as a business and industrial development corporation pursuant to the Business and Industrial Development Corporation Law.

1. Change without regulatory effect amending section and adding new NOTE filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34).

Note: Authority cited: Section 31101, Financial Code.