Statute · California Business and Professions Code
Cal. Bus. & Prof. Code § 19881 — Licensing of Corporations
Cal. Bus. & Prof. Code § 19881
- Type
- Statute
- Source
- California Business and Professions Code
- Jurisdiction
- California
- Date
- 2013-09-26
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(a) A corporation is not eligible to receive a license to own a gambling enterprise unless the conduct of controlled gambling is among the purposes stated in its articles of incorporation and the articles of incorporation have been submitted to and approved by the department.
Citator
Cal. Bus. & Prof. Code § 19881 — Licensing of Corporations is in force in the current edition of the Code, and nothing recorded condemns it.
(a) A corporation is not eligible to receive a license to own a gambling enterprise unless the conduct of controlled gambling is among the purposes stated in its articles of incorporation and the articles of incorporation have been submitted to and approved by the department.
(b) The Secretary of State shall not accept for filing any articles of incorporation of any corporation that include as a stated purpose the conduct of controlled gambling, or any amendment thereto, or any amendment that adds this purpose to articles of incorporation already filed, unless the articles have, or amendment has, been approved by the department.