California Corporations Code

§ 28710

CORP § 28710 Effective Jan 1, 2010Div. 3 · Title 4 · Ch. 11

Statute text

The commissioner may issue an order suspending or revoking the license of a licensee, if, after notice and a hearing, the commissioner finds any of the following:

(a)That the licensee or any controlling person or affiliate of the licensee has violated any provision of this division or of any regulation or order issued under this division or any provision of any other applicable law.

(b)That the licensee is conducting its business in an unsafe and unsound manner.

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Legislative history

Amended by Stats. 2009, Ch. 500, Sec. 31. (AB 1059) Effective January 1, 2010.