No Corporation shall be authorized to issue Micro Loan Guarantees unless approved by the Director. Approval shall be granted to any Corporation which can demonstrate that it has a marketing plan for the program.

Note: Authority cited: Section 14024, Corporations Code. Reference: Sections 14025(a) and 14064, Corporations Code.

History

1. Repealer and new section filed 6-24-91; operative 7-24-91 (Register 91, No. 42).

2. Amendment filed 12-27-2004 as a deemed emergency pursuant to Corporations Code section 14024; operative 12-27-2004 (Register 2004, No. 53). A Certificate of Compliance must be transmitted to OAL by 6-27-2005 or emergency language will be repealed by operation of law on the following day.

3. Editorial correction of History 2 (Register 2005, No. 27).

4. Certificate of Compliance as to 12-27-2004 order, including amendment of Note, transmitted to OAL 5-25-2005 and filed 7-7-2005 (Register 2005, No. 27).