Statutes, codes, and regulations
California Code Of Regulations
Title 10 - InvestmentChapter 1 - Commissioner of Business Oversight, Division of Financial InstitutionsSubchapter 50 - Business and Industrial Development CorporationsArticle 4 - Issuance of License
Subarticle 4 - Post-Approval Matters
Section 50.3306 - Appointment of Commissioner as Agent for Service of Process

Cal. Code Regs. tit. 10 § 50.3306

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Current through Register 2024 Notice Reg. No. 52, December 27, 2024
Section 50.3306 - Appointment of Commissioner as Agent for Service of Process

In accordance with Financial Code Section 31113, not less than 5 business days before an applicant is issued a license:

(a) Such applicant shall file with the Commissioner an Appointment of Commissioner of the Department of Business Oversight as Agent for Service of Process in the form of Department Form 1020, signed by the applicant in the name of the applicant by an officer of the applicant. The signature of the applicant on such appointment shall be acknowledged.
(b) Each affiliate of such applicant shall file with such applicant an Appointment of Commissioner of Business Oversight as Agent for Service of Process in the form of Department Form 1020, signed by such affiliate in the name of the affiliate by an officer of the affiliate. The signature of the affiliate on such appointment shall be acknowledged.

Cal. Code Regs. Tit. 10, § 50.3306

1. Amendment of subsection (b) and new NOTE filed 4-7-97; operative 4-7-97 pursuant to Government Code section 11343.4(d) (Register 97, No. 15).
2. Change without regulatory effect amending section heading, section and NOTE filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34).
3. Change without regulatory effect amending section and NOTE filed 8-21-2019 pursuant to section 100, title 1, California Code of Regulations (Register 2019, No. 34).

Note: Authority cited: Section 31101, Financial Code. Reference: Sections 321, 31102 and 31113, Financial Code.

1. Amendment of subsection (b) and new Note filed 4-7-97; operative 4-7-97 pursuant to Government Code section 11343.4(d) (Register 97, No. 15).
2. Change without regulatory effect amending section heading, section and Note filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34).
3. Change without regulatory effect amending section and Note filed 8-21-2019 pursuant to section 100, title 1, California Code of Regulations (Register 2019, No. 34).