Financial Code section 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.

(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.

Source: Section 2031, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=FIN§ionNum=2031.­ (updated Jan. 1, 2015; accessed Jul. 6, 2026).

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Verified:
Jul. 6, 2026

§ 2031's source at ca​.gov