Section 103.302 - Determination of Status as a Company(a) Any group or organization may file a written registration application with the commissioner, requesting the commissioner to determine whether it is a company within the meaning of Section 11501 of the law.(b) A written application, filed in duplicate, and verified shall contain such information as the commissioner may require.(c) The commissioner may elect to either make or decline to make a written determination.(d) If the decision made by the commissioner pursuant to subdivision (c) is deemed adverse by the applicant, the applicant may within 20 days after the date of the decision make written demand upon the commissioner for a hearing. A hearing shall be scheduled and conducted as in Section 103.301. A demand for hearing shall vacate any prior determination made pursuant to subdivision (c).(e) No organization or group of persons shall be deemed to be a company within the meaning of Section 11501 of the law, which the commissioner has determined is not such a company, after proceedings held pursuant to this Section 103.302.Cal. Code Regs. Tit. 10, § 103.302
1. Change without regulatory effect renumbering former Section 182 to Section 103.302 (Register 87, No. 14). For prior history, see Register 82, No. 33. Note: Authority cited: Section 5255, Financial Code. Reference: Sections 5258 and 11501, Financial Code; and Section 11500, Government Code.
1. Change without regulatory effect renumbering former Section 182 to Section 103.302 (Register 87, No. 14). For prior history, see Register 82, No. 33.