§ 1878 Corporate Reporting And Examinations

Financial Code·California

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Key Takeaways

•Companies must send reports to the commissioner when asked.
•The commissioner can check the company’s work at least once every two years.
•The company has to pay for these checks.

Example

A big toy company must send a report about its sales and safety checks to the government.

The government can also visit the company every two years to make sure everything is okay. The toy company has to pay for this visit.

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

Official Source

View on CA.gov

§ 1878 Corporate Reporting And Examinations

Every corporation shall make reports to the commissioner at such times and in such form as the commissioner may require and is subject to examination by examiners appointed by the commissioner, to the extent and whenever and as often as the commissioner shall deem it advisable, but in no case less than once every two calendar years. The cost of such examinations shall be fixed by the commissioner and be paid by the corporation examined. (Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)

Last verified: January 23, 2026

Key Terms

corporation commissioner examinations reports

References

Official text at leginfo.legislature.ca.gov
California Legislature. Financial Code. Section 1878.

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Key Takeaways

Example

Key Terms

Related Statutes

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