2011 California Code
Financial Code
DIVISION 1.2. MONEY TRANSMISSION ACT [2000 - 2172]
CHAPTER 3. Licenses
Section 2031
(a) No person other than a corporation or limited liability company may apply for or be issued a license.
(b) No person other than the following may be issued a license:
(1) A corporation or limited liability company organized under the laws of this state.
(2) A corporation, other than a corporation organized under the laws of this state, that is qualified to transact intrastate business in this state under Chapter 21 (commencing with Section 2100) of Division 1 of Title 1 of the Corporations Code.
(3) A limited liability company, other than a limited liability company organized under the laws of this state, that is qualified to transact intrastate business in this state under Chapter 10 (commencing with Section 17450) of Title 2.5 of the Corporations Code, except that a limited liability company that is organized outside the United States shall not be issued a license.
(Added by Stats. 2011, Ch. 243, Sec. 4. Effective January 1, 2012.)
Disclaimer: These codes may not be the most recent version. California may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
