(a) Each licensee shall transact its business in a safe and sound manner and shall maintain itself in a safe and sound condition.
(b) No licensee shall commit any unsafe or unsound act.
Cal. Fin. Code § 31400
Transaction of Business
Known as the Business and Industrial Development Corporations Law
The act spans §§ 31000–31952 (132 sections).
Added by Stats. 1977, Ch. 1164.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.