California Government Code 13995.52 – (a) Except as otherwise specified in Section 13995.70, the …
(a) Except as otherwise specified in Section 13995.70, the commission may be terminated by referendum of the assessed businesses pursuant to Section 13995.60 or at any time by a referendum called by 10 percent of the assessed businesses, calculated by weighted percentages.
(b) Notice of the termination shall be mailed to all assessed businesses.
Terms Used In California Government Code 13995.52
- 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.
(c) Upon termination, the commission shall continue its existence as a nonprofit corporation for purposes of winding up its affairs and dissolution.
(d) Upon termination of the commission established pursuant to this chapter, the California Tourism Commission shall advise the office, and conduct all other tasks authorized by the California Tourism Policy Act.
(Added by Stats. 2003, Ch. 229, Sec. 1.5. Effective January 1, 2004.)