California Financial Code — Banking — Securities — Imposition of conditions on permit

Current through the 2016 Legislative Session

The commissioner may impose conditions in any permit issued under Section 1205, requiring the deposit in escrow of securities, imposing a legend condition restricting the transferability thereof, impounding the proceeds from the sale thereof, limiting the expense in connection with the sale thereof, or such other conditions as he or she deems reasonable and necessary or advisable in the public interest.

Ca. Fin. Code § 1206
Added by Stats 2012 ch 243 (SB 664),s 3, eff. 1/1/2012.

SECTIONS