Cal. Code Regs. tit. 10 § 80.4
In this Subchapter, unless otherwise expressly provided, references to corporations or limited liability companies or to aspects of corporations or limited liability companies apply to all types of corporations or limited liability companies, whether for profit, nonprofit, or of any other type. For the sake of convenience, references in this Subchapter to corporations or limited liability companies and to aspects of corporations or limited liability companies are set forth in terms appropriate to corporations or limited liability companies for profit. However, whenever any reference in this Subchapter to a corporation or limited liability company or to an aspect of a corporation or limited liability company is applicable to a type of corporation or limited liability company other than a corporation or limited liability company for profit, if the term of such reference is not appropriate to such type of corporation or limited liability company, the term of the reference shall be construed to be the closest equivalent term of reference appropriate to the type of corporation or limited liability company.
Cal. Code Regs. Tit. 10, § 80.4
Note: Authority cited: Sections 321 and 334, Financial Code. Reference: Section 2031, Financial Code.