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HomeFinancial CodeDiv. 1Ch. 1§ 121 Licensee Office Definitions

§ 121 Licensee Office Definitions

Financial Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 121 Licensee Office Definitions

This law tells you what the words “office” and “head office” mean when talking about a business that has a license.

Key Takeaways

  • •“Office” covers the main place, any branch, and any other approved business locations.
  • •“Head office” is the principal or main place of business.
  • •These definitions apply to anyone who holds a license.

Example

A coffee shop chain has a main location where the owner works and a few smaller shops in other towns.

The main location is called the “head office” because it’s the principal place of business, and each smaller shop is also an “office” because the law says an office includes the head office, branch offices, and any other authorized places.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 121 Licensee Office Definitions

(a) “Office” includes head office, branch office, and any other authorized place of business of a licensee. (b) “Head office” means the principal place of business of a licensee. (Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)

Last verified: January 10, 2026

Key Terms

OfficeHead officebranch officeauthorized place of businessprincipal place of businesslicensee

Related Statutes

  • § 159 Licensee Confidential Information
  • § 187 Public Member Definition
  • § 2003 Money Transmitter Affiliate Rules
  • § 22154 Pace Program Office Restrictions
  • § 22163 Rate Disclosure Requirements

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 121.
View Official Source