California § 30206 - The commissioner may refuse to issue any license being applied for, and shall ref
Full text of California Public Contract Code - PCC § 30206 — The commissioner may refuse to issue any license being applied for, and shall ref, with citation guidance and answers to common questions.
§ 30206. The commissioner may refuse to issue any license being applied for, and shall ref
The commissioner may refuse to issue any license being applied for, and shall refuse to issue any license being applied for if upon his examination and investigation, and after appropriate hearing, he finds any of the following: (a) That the incorporators, directors, officers, or stockholders lack the character, experience, or general fitness to engage in such a business. (b) That the proposed licenseeâs program of safeguards with respect to custody, handling, recordkeeping, insurance, and auditing of securities on deposit is inadequate for the protection of investors. (c) That the requirements with respect to ownership of capital stock of Section 30201 are not met. (d) That the applicant is, or is in danger of becoming, insolvent.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 30206
What does Public Contract Code - PCC § 30206 cover?
Section 30206 ("The commissioner may refuse to issue any license being applied for, and shall ref") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 30206?
A common citation format is "Public Contract Code - PCC § 30206" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 30206 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.