California § 28400. 28400. (Amended by Stats. 2010, Ch. 516, Sec. 8.)

California Statutes

§ 28400. — 28400. (Amended by Stats. 2010, Ch. 516, Sec. 8.)

California § 28400.

JurisdictionCalifornia

Code CORPCorporations Code - CORP

Div.3.

Title 4.DIVISION 3. CAPITAL ACCESS COMPANIES

Ch. 6.CHAPTER 6. Transaction of Business

This text of California § 28400. (28400. (Amended by Stats. 2010, Ch. 516, Sec. 8.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Corporations Code - CORP Code § 28400. (2026).

Text

No licensee shall engage in any business other than the following:

(a)The business of providing financing assistance through the purchase of securities of small business firms or smaller business firms doing business or proposing to do business wholly or substantially in this state.

(b)The business of providing managerial assistance (including managerial and technical assistance) to small business firms or smaller business firms doing business or proposing to do business wholly or substantially in this state.

(c)At least 20 percent of all financing assistance provided by the licensee shall be through purchase of securities of smaller business firms doing business or proposing to do business wholly or substantially in this state.

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No licensee shall engage in any business other than the following:
(a)
The business of providing financing assistance through the purchase of securities of small business firms or smaller business firms doing business or proposing to do business wholly or substantially in this state.
(b)
The business of providing managerial assistance (including managerial and technical assistance) to small business firms or smaller business firms doing business or proposing to do business wholly or substantially in this state.
(c)
At least 20 percent of all financing assistance provided by the
licensee shall be through purchase of securities of smaller business firms doing business or proposing to do business wholly or substantially in this state.

Legislative History

Amended by Stats. 2010, Ch. 516, Sec. 8. (SB 1155) Effective January 1, 2011.

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California § 28400., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/CORP/28400..