2005 California Corporations Code Sections 28000-28004 Article 1. Short Title and Construction

28000.  This division shall be known and may be cited as the
"Capital Access Company Law."
28001.  This division shall be liberally construed to accomplish its
purposes.
28002.  The provisions of the Corporate Securities Law of 1968
(Division 1 (commencing with Section 25000) of Title 4) shall apply
to licensees.
28003.  The Legislature finds all of the following:
   (a) It is necessary to increase job opportunities in the state.
   (b) Promoting the establishment, growth, and expansion of small
business firms in this state is an efficient way to increase job
opportunities in the state.
   (c) Small business firms are unable to grow and create job
opportunities unless they have access to risk capital.
   (d) Congress has exempted from the provisions of the federal
Investment Company Act of 1940, certain companies that are not in the
business of issuing redeemable securities, the operations of which
are subject to state regulation governing entities that provide
financial or managerial assistance to enterprises doing business, or
proposing to do business, in that state.
   (e) Therefore, in order for the state to obtain the full benefits
of that exemption, it is necessary that the state provide for the
licensure and regulation of capital access companies, to permit these
companies to operate pursuant to the exemption from regulation under
the federal Investment Company Act of 1940.
28004.  (a) The purpose of this division is to provide for the
licensure and regulation of capital access companies that will
provide risk capital and management assistance, primarily to small
business firms in the state, to enable those companies to operate
pursuant to the exemption from regulation under the federal
Investment Company Act of 1940.
   (b) The purpose of this division as set forth in subdivision (a)
constitutes the standard that the commissioner shall observe in
administering the provisions of this division.