§ 31408. — 31408. (Amended by Stats. 2022, Ch. 452, Sec. 93.)

California § 31408.

• Jurisdiction: California
• Code CORP: Corporations Code - CORP
• Div.: 5.
• Title 4.: DIVISION 5. FRANCHISE INVESTMENT LAW
• Part 4.: PART 4. ENFORCEMENT
• Ch. 2.: CHAPTER 2. Powers of the Commissioner

Text

(a)
If the commissioner determines it is in the public interest, the commissioner may include in any administrative action brought under this division, including a stop order, a claim for ancillary relief, including, but not limited to, a claim for rescission, restitution or disgorgement or damages on behalf of the persons injured by the act or practice constituting the subject matter of the action, and the administrative law judge shall have jurisdiction to award additional relief. The person affected may be required to attend remedial education, as directed by the commissioner.
(b)
In an administrative action brought under this part the commissioner is entitled to recover costs, which in the discretion of the administrative law judge may include any amount
representing reasonable attorney’s fees and investigative expenses for the services rendered, for deposit into the State Corporations Fund for the use of the Department of Financial Protection and Innovation.

Legislative History

Amended by Stats. 2022, Ch. 452, Sec. 93. (SB 1498) Effective January 1, 2023.