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The chief officer of the Department was the Commissioner of Corporations. Effective July 1, 2013, the Department of Corporations and the Department of Financial Institutions became divisions of the California Department of Business Oversight (DBO) pursuant to the Governor's Reorganization Plan No. 2 of 2012.
In 1879, California adopted its state constitution which among many other programs created the State Board of Equalization and the State Controller, which administered all tax programs. [1] In 1929, the state legislature created the office of the Franchise Tax Commissioner to administer California's Bank and Corporation Franchise Tax Act. [1]
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If the FAIR Plan does not have the money to pay out all claims, it collects money from insurance companies that operate in California. [5] According to data from 2020, the FAIR Plan covers 2.5% of the statewide market share, but 20.4% of the market share in ZIP codes at high risk from wildfires. [6]
In 2006, after being acquired by Wolters Kluwer in 2004, Summation Legal Technologies becomes CT Summation joining CT TyMetrix in CT Corporation's Litigation Solutions group. CT has more than 800 employees in 46 cities nationwide. [1] [non-primary source needed] As of 2005, CT Corporation was the largest registered agent service company in the ...
The Teeter Plan (first enacted 1949) provides California counties with an optional alternative method for allocating delinquent property tax revenues. Using the accrual method of accounting under the Teeter Plan, counties allocate property tax revenues based on the total amount of property taxes billed, but not yet collected.
A 2017 state legislative document states, "Numerous theories exist as to the origin and meaning of the word 'California, '" and that all anyone knows is the name was added to a map by 1541 "presumably by a Spanish navigator." [24]
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