California Vehicle Code 12214 – The Attorney General or his or her representative may determine that …
The Attorney General or his or her representative may determine that the recovery corporation has failed or ceased to operate upon a finding that any one of the following has occurred with respect to the recovery corporation:
(a) The recovery corporation was not created.
Terms Used In California Vehicle Code 12214
- 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.
- Person: includes a natural person, firm, copartnership, association, limited liability company, or corporation. See California Vehicle Code 470
- representative: is a ny person regularly employed by a manufacturer or distributor for the purpose of negotiating or promoting the sale of the manufacturer's or distributer's vehicles to their franchisees or for regularly supervising or contacting franchisees or prospective franchisees in this state for any purpose. See California Vehicle Code 512
(b) The recovery corporation is dissolved.
(c) The recovery corporation ceased to operate.
(d) The recovery corporation is insolvent or bankrupt.
(e) The recovery corporation failed to pay its operating costs.
(f) The recovery corporation failed to pay any claim or judgment in a timely manner.
(g) The recovery corporation violated its articles of incorporation or any law of this state.
(h) The recovery corporation invested its funds in violation of this chapter.
(i) The recovery corporation has not diligently made a decision upon a claim made by a person aggrieved.
(j) The recovery corporation violated any section of this chapter.
(k) The recovery corporation neglected or refused to submit its books, papers, and affairs to the inspection of the Attorney General or his or her representatives.
(Added by Stats. 2007, Ch. 437, Sec. 6. Effective January 1, 2008.)