§ 17347 Fidelity Corporation Approval Requirements

Financial Code·California

AI SummaryVerified

This law says Fidelity Corporation can’t file its incorporation papers or change its rules unless a state commissioner first gives written approval.

Key Takeaways

•Fidelity must get written approval before filing incorporation papers or any amendment.
•Fidelity must get written consent before adopting new bylaws or changes to them.
•The commissioner must reply within 60 days, either approving or pointing out what’s needed.
•After a complete submission, the commissioner has another 60 days to make a final decision.

Example

Fidelity wants to add a new rule that lets board members be elected every two years.

First Fidelity must send the new rule to the commissioner and get a written okay. The commissioner then has 60 days to say the rule is okay or tell Fidelity what’s missing. After Fidelity fixes any problems and sends a complete version, the commissioner has another 60 days to make a final decision.

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

Official Source

View on CA.gov

§ 17347 Fidelity Corporation Approval Requirements

(a) The Secretary of State shall not file articles for the incorporation of Fidelity Corporation or an amendment to the articles unless the commissioner has issued a written approval of the articles or amendment. (b) Fidelity Corporation shall not adopt any bylaws or amendments thereto without the written consent of the commissioner. Within 60 calendar days from the receipt of any bylaws or amendments thereto, submitted to the commissioner, the commissioner shall inform Fidelity Corporation, in writing, that the bylaws or amendments are not disapproved, or that those bylaws or amendments are disapproved and specify the information needed to complete the submittal. Within 60 calendar days from the receipt of a complete submittal, the commissioner shall reach a decision on the submittal. (Amended by Stats. 1992, Ch. 476, Sec. 6. Effective January 1, 1993.)

Last verified: January 11, 2026

Key Terms

Fidelity Corporation articles of incorporation bylaws commissioner written approval written consent

References

Official text at leginfo.legislature.ca.gov
California Legislature. Financial Code. Section 17347.

§ 17347 Fidelity Corporation Approval Requirements

Financial Code·California

AI SummaryVerified

§ 17347 Fidelity Corporation Approval Requirements

This law says Fidelity Corporation can’t file its incorporation papers or change its rules unless a state commissioner first gives written approval.

Key Takeaways

•Fidelity must get written approval before filing incorporation papers or any amendment.
•Fidelity must get written consent before adopting new bylaws or changes to them.
•The commissioner must reply within 60 days, either approving or pointing out what’s needed.
•After a complete submission, the commissioner has another 60 days to make a final decision.

Example

Fidelity wants to add a new rule that lets board members be elected every two years.

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

Official Source

View on CA.gov

§ 17347 Fidelity Corporation Approval Requirements

Last verified: January 11, 2026

Key Terms

Fidelity Corporation articles of incorporation bylaws commissioner written approval written consent

References

Official text at leginfo.legislature.ca.gov
California Legislature. Financial Code. Section 17347.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References