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HomeCorporations CodeCh. 11§ 28715 Commissioner Exemption From Government Code

§ 28715 Commissioner Exemption From Government Code

Corporations Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 28715 Commissioner Exemption From Government Code

Key Takeaways

  • •The Commissioner of Financial Protection and Innovation doesn't have to follow the rules in Sections 11041, 11042, and 11043 of the Government Code.
  • •This means the Commissioner has some special rules that don't apply to others.
  • •This change started on January 1, 2023.

Example

Imagine your school principal doesn't have to follow the same rules as the teachers for how they run the school.

Just like that, the Commissioner of Financial Protection and Innovation doesn't have to follow the same rules as others in the Government Code.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 28715 Commissioner Exemption From Government Code

Sections 11041, 11042, and 11043 of the Government Code do not apply to the Commissioner of Financial Protection and Innovation. (Amended by Stats. 2022, Ch. 452, Sec. 88. (SB 1498) Effective January 1, 2023.)

Last verified: January 23, 2026

Key Terms

Commissioner of Financial Protection and InnovationGovernment CodeSections 11041, 11042, and 11043

Related Statutes

  • § 1101.1 Regulatory Transaction Approval Exemptions
  • § 25606 Attorney General Commissioner Legal Advice
  • § 1100 Corporate Merger Authorization Rules
  • § 1101 Corporate Merger Agreement Requirements
  • § 1102 Corporate Agreement Signing Authority

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Corporations Code. Section 28715.
View Official Source