California Statutes

§ 27505. — 27505. (Added by Stats. 2024, Ch. 41, Sec. 21.)

California·Code CORP Corporations Code - CORP·Div. 2.5.·Title 4. DIVISION 2.5. Fair Investment Practices by Venture Capital Companies·Ch. 1. CHAPTER 1. Fair Investment Practices by Venture Capital Companies
(a)
(1)If, after an order has been served pursuant to Section 27504, a request for hearing is filed in writing within 30 days of the date of service of the order on the covered entity, a hearing shall be conducted in accordance with the Administrative Procedure Act (Chapter 5 (commencing with Section 11500) of Part 1 of Division 3 of Title 2 of the Government Code), and the commissioner shall have all of the powers granted under that chapter.
(2)If a covered entity fails to file a written request for a hearing within 30 days from the date of service of the order, the order shall be deemed a final order of the commissioner and is not subject to review by any court or agency, notwithstanding subdivision (b).
(b)Every final order, decision, or other official act of the commissioner is subj

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California § 27505. (27505. (Added by Stats. 2024, Ch. 41, Sec. 21.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Added by Stats. 2024, Ch. 41, Sec. 21. (SB 164) Effective June 29, 2024.
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