Home Table of Contents

§ 2793. Applications for Consent Under Section 11018.7.

10 CA ADC § 2793Barclays Official California Code of Regulations

Barclays California Code of Regulations
Title 10. Investment
Chapter 6. Real Estate Commissioner (Refs & Annos)
Article 12. Subdivisions
10 CCR § 2793
§ 2793. Applications for Consent Under Section 11018.7.
Currentness
(a) Application for consent of the Real Estate Commissioner under Section 11018.7 of the Business and Professions Code shall be made on a form provided by the Bureau.
(b) The application shall consist of at least the following:
(1) A statement signed by or on behalf of the applicant containing the following:
(A) A narrative explanation of the proposed change and the anticipated effects thereof.
(B) The reasons why the amendment is being proposed.
(C) The means whereby persons eligible to vote on the proposed change will be informed concerning the substance of the change, and the voting procedure to be employed if the consent of the commissioner is obtained.
(D) Identification of the subdivisions which will be affected by the proposed change by reference to the file numbers of the public reports for the subdivisions.
(2) A copy of the instrument to be amended in its present form.
(3) A copy of the instrument incorporating the changes proposed in the application with suitable marking to indicate proposed amendments.
(4) A copy of the resolution or other authority for submission of the application if made on behalf of a corporation or association.
(5) A copy of the letter or notice to be given to all persons eligible to vote on the proposed change.
(6) An application fee of twenty dollars ($20.00) in the form of a check or money order.
(c) If the commissioner finds that the proposed change will not materially change the rights of any owner to ownership, possession or use of interests in the subdivision, the commissioner shall consent to the submission of the proposed change to a vote of the owners or members. If the commissioner finds that the proposed change will materially change such rights, the commissioner shall require, as a condition of the commissioner's consent, that a notice approved by the commissioner describing the substance of the proposed change be given to those persons eligible to vote at least fifteen days prior to the vote.
(d) If the commissioner determines that the change as proposed would create a new condition or circumstance that would be the basis for denial of a public report under Section 11018 or 11018.5, the commissioner shall issue a formal order denying consent to the submission of the proposal to persons eligible to vote thereon.
(e) If an applicant fails to take the steps necessary to obtaining the consent of the commissioner within ninety days after the application is filed, the commissioner may deem the application to be abandoned in which case a new application must be filed if the application is to be thereafter pursued.

Credits

Note: Authority cited: Sections 10080 and 11001, Business and Professions Code. Reference: Section 11018.7, Business and Professions Code.
History
1. Amendment filed 10-14-68; effective thirtieth day thereafter (Register 68, No. 39).
2. Repealer and new section filed 12-7-73; effective thirtieth day thereafter (Register 73, No. 49).
3. Amendment of section and repealer and new Note filed 11-27-96; operative 12-27-96 (Register 96, No. 48).
4. Change without regulatory effect amending subsection (a) filed 6-30-2014 pursuant to section 100, title 1, California Code of Regulations (Register 2014, No. 27).
This database is current through 5/10/24 Register 2024, No. 19.
Cal. Admin. Code tit. 10, § 2793, 10 CA ADC § 2793
End of Document