§ 5103 Certificate Of Authority Definition

Financial Code·California

AI SummaryVerified

Key Takeaways

•A 'certificate of authority' is like a permission slip for a group (association) to do business.
•This permission slip is given by a person in charge (the commissioner).
•If the group already had a valid license before this law started, it still counts as a permission slip.

Example

A group of people want to start a business together.

They need to get a 'certificate of authority' from the commissioner to legally do business. If they already had a license before this law, they don't need a new one.

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

Official Source

View on CA.gov

§ 5103 Certificate Of Authority Definition

“Certificate of authority” means: (a) A certificate of authority to transact the business of an association, which is issued by the commissioner pursuant to this division. (b) An uncanceled annual license issued to an association under prior law which is valid on the effective date of this division. (Added by Stats. 1983, Ch. 1091, Sec. 2.)

Last verified: January 23, 2026

Key Terms

certificate of authority commission license association document

References

Official text at leginfo.legislature.ca.gov
California Legislature. Financial Code. Section 5103.

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Key Takeaways

Example

Key Terms

Related Statutes

References