Home/California/Statutes/Code FIN: Financial Code - FIN/Div. 15.: DIVISION 15. BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS/Ch. 4.: CHAPTER 4. Corporate Matters/Art. 4.: ARTICLE 4. Distributions to Shareholders/§ 31231.
California Statutes

§ 31231. — 31231. (Amended by Stats. 1996, Ch. 1064, Sec. 652.)

California § 31231.
JurisdictionCalifornia
Code FINFinancial Code - FIN
Div. 15.DIVISION 15. BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS
Ch. 4.CHAPTER 4. Corporate Matters
Art. 4.ARTICLE 4. Distributions to Shareholders

This text of California § 31231. (31231. (Amended by Stats. 1996, Ch. 1064, Sec. 652.)) 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.

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Cal. Financial Code - FIN Code § 31231. (2026).

Text

No licensee shall, except with the prior approval of the commissioner, make, or obligate itself to make, any distribution to its shareholders.

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Legislative History

Amended by Stats. 1996, Ch. 1064, Sec. 652. Effective January 1, 1997. Operative July 1, 1997.
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California § 31231., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/31231..