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California · Through 2026-09-13

FIN § 31231

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Where this section sits in the code
  1. Financial Code - FIN
  2. DIVISION 15. BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS [31000. - 31952.]
  3. CHAPTER 4. Corporate Matters [31200. - 31233.]
  4. ARTICLE 4. Distributions to Shareholders [31230. - 31233.]

No licensee shall, except with the prior approval of the commissioner, make, or obligate itself to make, any distribution to its shareholders.

Collected 2026-09-14T05:56:33Z. Source file · JSON

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