California § 31405. 31405. (Amended by Stats. 1987, Ch. 867, Sec. 24.)

California Statutes

§ 31405. — 31405. (Amended by Stats. 1987, Ch. 867, Sec. 24.)

California § 31405.

Code FINFinancial Code - FIN

Div. 15.DIVISION 15. BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS

Ch. 6.CHAPTER 6. Transaction of Business

This text of California § 31405. (31405. (Amended by Stats. 1987, Ch. 867, Sec. 24.)) 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. Financial Code - FIN Code § 31405. (2026).

Text

Except as otherwise provided in subdivisions (b), (c), and (d) of Section 31406:

(a)No licensee shall provide financing assistance or management assistance to any business firm the primary business of which is to provide financing assistance or management assistance.

(b)No licensee shall provide financing assistance to any business firm for the purpose of providing financing assistance to other persons or discharging, in whole or in part, any obligation incurred for such purpose.

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Except as otherwise provided in subdivisions (b), (c), and (d) of Section 31406:
(a)
No licensee shall provide financing assistance or management assistance to any business firm the primary business of which is to provide financing assistance or management assistance.
(b)
No licensee shall provide financing assistance to any business firm for the purpose of providing financing assistance to other persons or discharging, in whole or in part, any obligation incurred for such purpose.

Legislative History

Amended by Stats. 1987, Ch. 867, Sec. 24.

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Bluebook (online)

California § 31405., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/31405..