Definitions
Known as the Business and Industrial Development Corporations Law
The act spans §§ 31000–31952 (132 sections).
Added by renumbering Section 31048 by Stats. 1982, Ch. 1570, Sec. 6.
To “provide financing assistance” to a person includes:
(a) To lend money or otherwise extend credit to such person;
(b) To purchase securities issued by such person, either directly or indirectly through an underwriter; and
(c) To lease property to such person.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.