SECTIONS 31000-31006 - California Statutes

FINANCIAL CODE

SECTION 31000-31006

31000. This division shall be known and may be cited as the
"Business and Industrial Development Corporations Law".

31001. This division shall be liberally construed to accomplish its
purposes.

31002. No provision of this division imposing any liability applies
to any act committed in good faith in conformity with any
regulation, order, or written interpretive opinion of the
commissioner or any such opinion of the Attorney General,
notwithstanding that such regulation, order, or written interpretive
opinion may later be amended, rescinded, or repealed or be determined
by judicial or other authority to be invalid for any reason.

31003. In this division, unless otherwise expressly provided:
(a) A reference to a statute or to a regulation includes such
statute or regulation as amended, whether before or after the
effective date of this division, as well as any new statute or
regulation substituted for such statute or regulation after the
effective date of this division.
(b) A reference to a governmental agency or to a public officer
includes any governmental agency or public officer which succeeds
after the effective date of this division to substantially the same
functions as those performed by such governmental agency or public
officer on the effective date of this division.

31004. Except as otherwise provided in Chapter 14 (commencing with
Section 31950) of this division:
(a) The provisions of the Nonprofit Corporation Law (Division 2
(commencing with Section 5000) of Title 1 of the Corporations Code)
shall apply to any licensee which is a California nonprofit
corporation; provided, however, that, whenever any provision of the
Nonprofit Corporation Law conflicts with any provision of this
division or of any regulation or order issued under this division,
such provision of the Nonprofit Corporation Law shall not apply and
such provision of this division or of such regulation or order issued
under this division shall apply.
(b) The provisions of the General Corporation Law (Division 1
(commencing with Section 100), Title 1 of the Corporations Code)
shall apply to any licensee other than a licensee which is a
California nonprofit corporation; provided, however, that, whenever
any provision of the General Corporation Law conflicts with any
provision of this division or of any regulation or order issued under
this division, such provision of the General Corporation Law shall
not apply and such provision of this division or of such regulation
or order issued under this division shall apply.

31006. If any provision of this division or the application thereof
to any person or circumstances is held invalid, illegal, or
unenforceable, such invalidity, illegality, or unenforceability shall
not affect other provisions or applications of this division which
can be given effect without the invalid, illegal, or unenforceable
provision or application, and to this end, the provisions of this
division are declared to be severable.