Home Table of Contents

§ 50.3106. Information Regarding Board.

10 CA ADC § 50.3106Barclays Official California Code of Regulations

Barclays California Code of Regulations
Title 10. Investment
Chapter 1. Commissioner of Business Oversight, Division of Financial Institutions
Subchapter 50. Business and Industrial Development Corporations
Article 4. Issuance of License
Subarticle 2. Application
10 CCR § 50.3106
§ 50.3106. Information Regarding Board.
Currentness
(a) Provide a table showing, with respect to each director of the applicant:
(1) Name.
(2) Business address.
(3) Home address.
(4) Age.
(5) Business or occupation.
(6) Amount and types of securities of the applicant which the director owns or proposes to own, directly or indirectly, of record or beneficially.
(b) With respect to each director of the applicant, provide:
(1) Personal financial statement in the form of Department Form 2, containing the information called for therein, dated as of a date within 90 days before the filing of the application, and signed by the director.
(2) Confidential resume in the form of Department Form 3, containing the information called for therein, dated as of a date within 90 days before the filing of the application, and signed by the director.
(3) Statement dated as of a date within 90 days before the filing of the application and signed by the director, stating:
(A) Amount and types of securities of the applicant which the director owns, or proposes to own, directly or indirectly, of record or beneficially, and, if the purchase of any such securities was financed or is proposed to be financed, the amount financed or proposed to be financed, the person from whom the director obtained or proposes to obtain such financing, and the source of funds with which the director proposes to repay the financing.
(B) Business experience of the director, including, with respect to each position held, title, description of duties, name and address of employer, period of employment, and reason for leaving.
(C) Ways in which the director proposes to serve the applicant, including generating business for, and otherwise promoting the well being of, the applicant, and qualifications of the director to carry out such proposals.
(D) Amount of time which the director proposes to devote to the affairs of the applicant during each of the first three years of business of the applicant.
(c) State the amount of fees and describe any other compensation which the applicant proposes to pay to its directors during each of the first three years of business.
(d) State whether or not any change is proposed to be made in the membership of the board of the applicant before commencing business or during the first three years of business, and, if so, describe such change.
This database is current through 5/17/24 Register 2024, No. 20.
Cal. Admin. Code tit. 10, § 50.3106, 10 CA ADC § 50.3106
End of Document