General Provisions
Section § 1
This section simply states that the act is officially named the Financial Code.
Section § 2
This law states that if the rules in this code are essentially similar to already existing laws on the same topic, they should be viewed as ongoing laws, not as brand-new rules.
Section § 3
This law ensures that if you started a legal action or acquired a right before the new code took effect, the new code won't change your situation. However, any procedures going forward should, if possible, follow the new code's rules.
Section § 4
This law section states that the upcoming general rules should be used to interpret how the rest of this code is applied, unless there's a specific reason not to.
Section § 5
Section § 6
This law states that if someone or a board is given a power or responsibility by the code, they can allow someone else, like a deputy, to do it on their behalf unless the law specifically says they must do it themselves.
Section § 7
When a legal reference is made to a part of this code or another law, it includes any changes or additions that have been made or will be made in the future.
Section § 8
This law defines 'writing' as any recorded message that can be understood by reading. Whenever the law requires a notice, report, or similar document, it must be written in English. If you need to send an official communication by registered mail, using certified mail is considered adequate according to the rules.
Section § 9
In this section, "section" refers to a part of the financial code being discussed, unless it's clearly stated to refer to a different law. Similarly, "subdivision" refers to a part of the section it's mentioned in, unless a specific other section is named.
Section § 10
This rule means that when interpreting legal documents, references to actions in the present tense can also apply to those actions if they happened in the past or will happen in the future.
Section § 11
This law clarifies that when a legal document uses masculine terms, those terms also apply to feminine and neuter genders. This means that gender-specific language should be interpreted broadly to include all genders.
Section § 11.2
This law clarifies that when California legal language mentions a 'spouse,' it also means a 'registered domestic partner,' ensuring equal treatment under the law.
Section § 12
This law means that if something is written in the singular form, it also covers the plural form, and vice versa. Basically, words like 'book' can mean 'books' and 'books' can mean 'book' depending on what makes sense in context.
Section § 13
This law clarifies that the term "City" covers a variety of entities, such as incorporated cities, combined city and county areas, municipal corporations, municipalities, towns, and incorporated towns.
Section § 14
This law clarifies that when you come across the term "county" in this context, it also covers both individual cities and combined city-counties.
Section § 15
This legal section clarifies the meaning of two words often used in laws. "Shall" means you must do something, while "may" means you have the option to do it but it's not required.
Section § 16
This section explains that in the context of this law, whenever someone refers to an 'oath,' it also covers affirmations. This means both sworn oaths and solemn affirmations are considered equivalent.
Section § 17
This law states that in legal terms, a 'signature' or 'subscription' can include a simple mark. The way the mark should be made follows the rules set out in the Civil Code.
Section § 18
This law defines the term "person" to cover a wide range of entities. It includes individuals as well as various types of businesses and organizations like firms, corporations, limited liability companies, partnerships, associations, syndicates, estates, trusts, and others.
Section § 19
This law says that if one part of the code is found to be invalid or can't be applied to a certain person or situation, it doesn't mess up the rest of the code. The other parts or how they apply to other people or situations remain unchanged. So, basically, one bad part doesn't ruin the whole thing.
Section § 20
This law says that if a corporation was already formed before this code became effective, its existence won't be impacted by the new code. Even if the rules for creating corporations change or the laws under which they were originally established are amended or repealed, the corporation will continue to exist.
Section § 21
This law states that if someone was holding a government office before this law was updated, and if their office is still recognized under the new law, they can continue in that position under the same terms as before.
Section § 22
This section simply names and refers to a specific part of the law as the Vuich-Calderon Financial Institutions Act of 1986, which starts at Section 10000 in Division 2, Chapter 10. It overrides any conflicting part of the code with this naming.