Corp. Code, § 28700 · Chapter 11. Enforcement
Corp. Code, § 28700
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
For purposes of this chapter, unless the context otherwise requires:
(a) “Office with a licensee” means the position of director, officer, or employee of the licensee or of any subsidiary of the licensee.
(b) “Subject person,” when used with respect to a licensee, means any of the following:
(1) Any controlling person or affiliate of the licensee.
(2) Any director, officer, or employee of the licensee or of any of the persons specified in paragraph (1).
(3) Any other person who participates in the conduct of the business of the licensee.
Notes and commentary — not statutory text
History
Added by Stats. 1998, Ch. 668, Sec. 3. Effective January 1, 1999. Operative July 1, 1999, by Sec. 4 of Ch. 668.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CORP§ionNum=28700.
- Text hash
- sha256 4ec813a8198fd68849dc25129d88f1c62b68d3d598cfd3da903c6eccfd999f28
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.