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HomeFinancial CodeDiv. 15Ch. 2§ 31113 Irrevocable Consent Service Process

§ 31113 Irrevocable Consent Service Process

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

§ 31113 Irrevocable Consent Service Process

Key Takeaways

  • •Before getting a license, you and your company's parent or subsidiary companies must agree to let the commissioner be your representative for legal papers.
  • •If someone sues you or your company related to the license, they can send the papers to the commissioner's office instead of tracking you down.
  • •After sending the papers to the commissioner, they must also mail you a copy and prove they did this by filing a form.

Example

A company applies for a license to sell toys. The company has a parent company in another state.

Before getting the license, both the toy company and its parent company must agree that if someone sues them about the license, the legal papers can be sent to the commissioner's office. The person suing must also mail a copy of the papers to the toy company and prove they did this.

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

Official Source
View on CA.gov

§ 31113 Irrevocable Consent Service Process

Before any applicant for a license is issued a license, such applicant and each parent and subsidiary of such applicant shall file, and each person who becomes a parent or subsidiary of a licensee shall, not less than 30 days after becoming a parent or subsidiary of such licensee, file, with the commissioner, in such form as the commissioner may by regulation or order require, an irrevocable consent appointing the commissioner and his or her successor from time to time in office to be such person’s attorney to receive service of any lawful process in any noncriminal judicial or administrative proceeding against such person, or his or her successor, executor, or administrator, which arises under this division or under any regulation or order issued under this division after such consent has been filed, with the same force and validity as if served personally on such person. Service may be made by leaving a copy of the process at any office of the commissioner, but such service is not effective unless (a) the party making such service, who may be the commissioner, forthwith sends notice of such service and a copy of the process by registered or certified mail to the party served at his or her last address on file with the commissioner, and (b) an affidavit of compliance with this section by the party making service is filed in the case on or before the return date, if any, or within such further time as the court, in the case of a judicial proceeding, or the administrative agency, in the case of an administrative proceeding, allows. (Amended by Stats. 1996, Ch. 1064, Sec. 641. Effective January 1, 1997. Operative July 1, 1997.)

Last verified: January 23, 2026

Key Terms

agreementregulationcompliancecommissionlicenseoperative julyvalidity

Related Statutes

  • § 28117 Licensee Process Service Appointment
  • § 31114 Out-Of-State Service Of Process
  • § 22338 Broker Disclosure And Receipts
  • § 3205 Conditional Virtual Currency Licenses
  • § 31153 Parent Subsidiary Compliance Agreement

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 31113.
View Official Source