In any proceeding under this division:
(a) The burden of proving that an application should be approved is upon the applicant.
(b) The burden of proving an exemption or an exception is upon the person claiming the exemption or the exception.
Cal. Fin. Code § 4833
Administration
Known as the Depository Corporation Sale, Merger, and Conversion Law
The act spans §§ 4800 to 4966 (181 sections).
Added by Stats. 1995, Ch. 480, Sec. 117
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.