- (a) An application for authority to organize a subject institution shall contain a copy of each advertisement regarding such proposed subject institution which is published before the time when such application is filed.
- (b) Whenever, at any time after an application for authority to organize a subject institution is filed, any proposed director, proposed officer, or organizer of such proposed subject institution publishes an advertisement regarding the proposed subject institution, he shall, before or concurrently with such publication, serve a copy of such advertisement on the Commissioner.
Note: Authority cited: Section 215, Financial Code.
History
1. Change without regulatory effect amending section and adding new Note filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34).