Yesterday's post chided Glass, Lewis & Co., LLC for its inconsistent positions on majority rule. Today's post tackles a foolish inconsistency in the California Codes. Section 25217(c) of the California Corporations Code provides:
A broker-dealer...
broker-dealer, Broker-Dealers, Cal. Const. Art. XV, Finance Lender, Finance Lenders, Finance Lenders Law, In re Stephan, personal property broker, Section 22050, Section 25217
Is your California securities broker-dealer a licensed personal property broker? Does it need to have such a license to make loans to its customers? Anyone reading California Corporations Code Section 25217(c) would conclude that it must:
A...
broker-dealer, Broker-Dealers, Financial Code, Financial Code Section 17000, Finance Lenders Law, personal property broker, Section 22050, Section 25217, Section 22000, Section 25211
Lenders and brokers licensed under the California Finance Lenders Law must file an annual report by the Ides of March (i.e., March 15) of each year. Cal. Fin. Code § 22159. This is a hard deadline and the Department of Business Oversight does not...
Nones of April, SB 297, Finance Lenders, Finance Lenders Law, annual report, CFLL, finders, ides of march, Senator Bill Dodd
Keith Paul Bishop
