California Financial Code 32820.5 – Upon approval of the corporation to exercise the powers of a small …
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Upon approval of the corporation to exercise the powers of a small business development corporation pursuant to Section 32352, the corporation shall cease to be liable for payment of interest on loans made or to be made from the fund pursuant to this article.
(Added by Stats. 1989, Ch. 1040, Sec. 21.)
Terms Used In California Financial Code 32820.5
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.