California Statutes
§ 28047.1. — 28047.1. (Added by Stats. 2010, Ch. 516, Sec. 3.)
California·Code CORP Corporations Code - CORP·Div. 3.·Title 4. DIVISION 3. CAPITAL ACCESS COMPANIES·Ch. 1. CHAPTER 1. General Provisions·Art. 2. ARTICLE 2. Definitions
“Smaller business firm” means a person that proposes to transact, or transacts, business on a regular and continuous basis in California and, together with its affiliates, has a net worth of not more than six million dollars ($6,000,000), and average net income after federal income taxes, excluding any carryover losses, for the preceding two years no greater than two million dollars ($2,000,000).
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California § 28047.1. (28047.1. (Added by Stats. 2010, Ch. 516, Sec. 3.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 2010, Ch. 516, Sec. 3. (SB 1155) Effective January 1, 2011.