Lou Correa
- Democratic
Author
Existing law, the California Finance Lenders Law, provides for the licensure and regulation of finance lenders and brokers. The California Finance Lenders Law exempts commercial bridge loans from the application of its provisions and defines a commercial bridge loan to require, among other things, that the loan have a maturity date not to exceed one year, as specified. This bill would exempt from the California Finance Lenders Law a venture capital investment made by a venture capital company in an equity security, as defined, issued by an operating company, would revise the definition of commercial bridge loan to extend the permitted maturity date to 3 years, and would make a technical, nonsubstantive change.
Approved by the Governor.
Chaptered by Secretary of State. Chapter 68, Statutes of 2014.
Enrolled and presented to the Governor at 2 p.m.
In Senate. Ordered to engrossing and enrolling.
Read third time. Passed. (Ayes 75. Noes 0. Page 5648.) Ordered to the Senate.
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 12. Noes 0.) (June 9).
In Assembly. Read first time. Held at Desk.
Read third time. Passed. (Ayes 34. Noes 0. Page 3266.) Ordered to the Assembly.
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 8. Noes 0. Page 3161.) (April 9).
Set for hearing April 9.
From printer. May be acted upon on or after March 23.
Introduced. Read first time. To Com. on RLS. for assignment. To print.
| Bill Text Versions | Format |
|---|---|
| SB1181 | HTML |
| 02/20/14 - Introduced | |
| 06/24/14 - Enrolled | |
| 06/28/14 - Chaptered |
| Document | Format |
|---|---|
| No related documents. |
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