California · Financial Code
FIN §2031: Only the following persons may apply for or be issued a license: (a) A corporation or limited liability company organized under the laws of this state.
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Only the following persons may apply for or be issued a license: (a) A corporation or limited liability company organized under the laws of this state. (b) A corporation, other than a corporation organized under the laws of this state, that is qualified to transact intrastate business in this state under Chapter 21 (commencing with Section 2100) of Division 1 of Title 1 of the Corporations Code. (c) A limited liability company, other than a limited liability company organized under the laws of this state, that is qualified to transact intrastate business in this state under Article 8 (commencing with Section 17708.01) of the Corporations Code, except a limited liability company that is organized outside the United States shall not be issued a license.
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