California Statutes
§ 18266.3. — 18266.3. (Added by Stats. 1989, Ch. 889, Sec. 3.)
California·Code FIN Financial Code - FIN·Div. 7. DIVISION 7. INDUSTRIAL LOAN COMPANIES·Ch. 3. CHAPTER 3. Loans and Purchased Obligations·Art. 5. ARTICLE 5. Limitations and Regulations of Loans and Purchased Obligations
The commissioner shall approve the request made pursuant to Section 18266.2 within 30 days after filing unless the commissioner has ascertained that the company has failed to show either of the following:
(a)That the proposed plan of business has a reasonable promise of a successful operation.
(b)That the company has a person with the necessary business qualifications, experience or ability to direct and manage the operations of the plan of business.
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California § 18266.3. (18266.3. (Added by Stats. 1989, Ch. 889, Sec. 3.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1989, Ch. 889, Sec. 3.