§ 1875 Corporate Reporting Penalties

Financial Code·California

AI SummaryVerified

Key Takeaways

•Companies must send reports on time to the state.
•If a report is late or missing info, the company pays $100 for every day it's late.
•The fine keeps adding up until the report is fixed or sent.
•The state can give more time if asked.

Example

A toy company forgets to send its yearly safety report to the state on March 1st.

If the company sends the report 5 days late, they owe the state $500 ($100 for each late day). If they also missed some important info, the fine keeps going until they fix it.

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

Official Source

View on CA.gov

§ 1875 Corporate Reporting Penalties

If any corporation or foreign corporation shall fail to make any report required by this article on or before the day designated for the making thereof, or shall fail to include therein any matter required by the commissioner, it shall forfeit to the people of the state the sum of one hundred dollars ($100) for every day that such report shall be delayed or withheld, and for every day that it shall fail to report any such omitted matter, unless the time therefor shall have been extended by the commissioner. (Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)

Last verified: January 23, 2026

Key Terms

corporation foreign corporation report one hundred dollars ($100)commissioner

References

Official text at leginfo.legislature.ca.gov
California Legislature. Financial Code. Section 1875.

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Key Takeaways

Example

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