Fin. Code, § 18266.3 · Article 5. Limitations and Regulations of Loans and Purchased Obligations
Fin. Code, § 18266.3
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
The commissioner shall approve the request made pursuant to Section 18266.2 within 30 days after filing unless the commissioner has ascertained that the company has failed to show either of the following:
(a) That the proposed plan of business has a reasonable promise of a successful operation.
(b) That the company has a person with the necessary business qualifications, experience or ability to direct and manage the operations of the plan of business.
Notes and commentary — not statutory text
History
Added by Stats. 1989, Ch. 889, Sec. 3.
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=FIN§ionNum=18266.3.
- Text hash
- sha256 d5e8db70bcb46a1b744a2c3e23b6a9b5690cb60792e908755ceba55bcc8117f7
- 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
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Financial Code
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