§ 18119 Industrial Loan Company Notice

This law says that when someone applies to start a new company that sells investment certificates, the government must tell all existing similar companies about it within 30 days.

Key Takeaways

•The government must notify existing companies about new applications for investment certificate sales.
•This notification must happen within 30 days of the application being filed.
•This rule helps keep things fair and transparent for all companies involved.

Example

If a new company wants to start selling investment certificates, like a bank that offers special savings plans.

The government has to send a letter to all the other companies that already do this, letting them know about the new application within 30 days.

Within 30 days after an application is filed for authorization to establish an industrial loan company which intends to sell and issue its investment certificates, the commissioner shall give written notice of the filing of the application to each industrial loan company subject to this division. (Amended by Stats. 1986, Ch. 1011, Sec. 3. Effective September 23, 1986.)

This law says that when someone applies to start a new company that sells investment certificates, the government must tell all existing similar companies about it within 30 days.

Key Takeaways

•The government must notify existing companies about new applications for investment certificate sales.
•This notification must happen within 30 days of the application being filed.
•This rule helps keep things fair and transparent for all companies involved.

Example

If a new company wants to start selling investment certificates, like a bank that offers special savings plans.

The government has to send a letter to all the other companies that already do this, letting them know about the new application within 30 days.

Key Takeaways

Example

Key Terms

References

§ 18119 Industrial Loan Company Notice

Key Takeaways

Example

Key Terms

References

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References