1. (a) Amount of pre-opening funds to be solicited and accepted.
2. (b) Description of the terms and conditions under which pre-opening funds are to be solicited and accepted.
3. (c) Description of the manner in which pre-opening funds are to be solicited and accepted.

4. (d) Description of the persons from who pre-opening funds are to be solicited and accepted, including:

   1. (1) In case pre-opening funds are to be solicited and accepted from specified persons, the name, address, and business or occupation of each such specified person.
   2. (2) In case pre-opening funds are to be solicited and accepted from a specified class of persons, a description of such specified class and the approximate number of persons in the specified class.
5. (e) Opinion by an attorney at law that the solicitation and acceptance of pre-opening funds will not contravene either (1) the Corporate Securities Law of 1968 or any regulation adopted pursuant thereto or (2) the Securities Act of 1933 (15 U.S.C. Sections 77a-77aa) or any regulation adopted pursuant thereto.

An application by a subject institution for approval to solicit and accept pre-opening funds shall contain:

Note: Authority cited: Section 215, Financial Code. Reference: Sections 350 and 362, Financial Code.

History

1. Repealer of subsection (d)(3) and new Note filed 4-7-97; operative 4-7-97 pursuant to Government Code section 11343.4(d) (Register 97, No. 15).

2. Repealer of subsections (e) and (f), subsection relettering, and amendment of Note filed 4-14-98; operative 5-14-98 (Register 98, No. 16).