California Statutes
§ 28153. — 28153. (Added by Stats. 1998, Ch. 668, Sec. 3.)
California·Code CORP Corporations Code - CORP·Div. 3.·Title 4. DIVISION 3. CAPITAL ACCESS COMPANIES·Ch. 3. CHAPTER 3. Licensing
(a)For purposes of Section 28152, the commissioner may find:
(1)That a director, officer, or controlling person of an applicant is not of good character if the director, officer, or controlling person or any director or officer of the controlling person has been convicted of, or has pleaded nolo contendere to, a crime involving fraud or dishonesty.
(2)That it is not reasonable to believe that an applicant, if licensed, will comply with all applicable provisions of this division and of any regulation or order issued under this division if the applicant has been convicted of, or has pleaded nolo contendere to, a crime involving fraud or dishonesty.
(b)Subdivision (a) shall not be deemed to be the only grounds upon which the commissioner may find, for purposes of Section 28152, that a dir
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California § 28153. (28153. (Added by Stats. 1998, Ch. 668, Sec. 3.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1998, Ch. 668, Sec. 3. Effective January 1, 1999. Operative July 1, 1999, by Sec. 4 of Ch. 668.