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 3 - Administrative Standards and Procedures
Section 50.3202 - Lendable Funds

As an administrative standard, in the case of an application for a license by an old corporation, the Commissioner generally will, in calculating the amount of lendable funds of the applicant for purposes of Financial Code Section 31152(b), include the amount of financing assistance which the applicant provided to business firms in the State of California in the course of its business as an old corporation and which is represented by sound notes, leases, or other securities still owned by the applicant.

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.