California § 32352 - The corporation shall (a) be empowered to do and perform all acts contemplated fo
Full text of California Public Contract Code - PCC § 32352 — The corporation shall (a) be empowered to do and perform all acts contemplated fo, with citation guidance and answers to common questions.
§ 32352. The corporation shall (a) be empowered to do and perform all acts contemplated fo
The corporation shall (a) be empowered to do and perform all acts contemplated for a business and industrial development corporation, and (b) upon approval of the Small Business Development Board, perform acts contemplated for a small business development corporation, pursuant to Part 5 (commencing with Section 14000) of the Corporations Code. Notwithstanding any other provision of law, upon approval by the Small Business Development Board of the corporationâs application to become a small business development corporation pursuant to this section, the sum of seven hundred fifty thousand dollars ($750,000) shall be transferred from the State Enterprise Loan Fund for deposit in the Small Business Expansion Fund created pursuant to Section 14029 of the Corporations Code for immediate transfer to a loan fund established pursuant to Section 14045 of the Corporations Code. Upon suspension of the corporation as a small business development corporation, the funds shall be transferred to the Small Business Expansion Fund pursuant to Section 14025 of the Corporations Code.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 32352
What does Public Contract Code - PCC § 32352 cover?
Section 32352 ("The corporation shall (a) be empowered to do and perform all acts contemplated fo") 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 § 32352?
A common citation format is "Public Contract Code - PCC § 32352" (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 § 32352 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.