California Statutes
§ 32352. — 32352. (Amended by Stats. 1989, Ch. 1040, Sec. 12.)
California·Code FIN Financial Code - FIN·Div. 15.5. DIVISION 15.5. STATE ASSISTANCE FUND FOR ENTERPRISE, BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATION·Ch. 2. CHAPTER 2. Corporate Matters·Art. 6. ARTICLE 6. Powers, Exclusions and Prohibitions
The corporation shall (a) be empowered to do and perform all acts contemplated for a business and industrial development corporation, and (b) upon approval of the Small Business Development Board, perform acts contemplated for a small business development corporation, pursuant to Part 5 (commencing with Section 14000) of the Corporations Code.
Notwithstanding any other provision of law, upon approval by the Small Business Development Board of the corporation’s application to become a small business development corporation pursuant to this section, the sum of seven hundred fifty thousand dollars ($750,000)
shall be transferred from the State Enterprise Loan Fund for deposit in the Small Business Expansion Fund created pursuant to Section 14029 of the Corporations Code for immediate transfe
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California § 32352. (32352. (Amended by Stats. 1989, Ch. 1040, Sec. 12.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 1989, Ch. 1040, Sec. 12.