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 4 - Post-Approval Matters
Section 50.3303 - Implementation of Proposals

Not less than five business days before an applicant is issued a license, such applicant shall implement each of the proposals which it represented in its application for a license, explicitly or implicitly, that it would implement before commencing business (for example, proposals to appoint officers, sell securities, or obtain financing) and shall file with the Commissioner a report regarding the implementation of each such proposal.

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. Reference: Sections 31102 and 31108, Financial Code.