Whenever a subject institution deposits, and the approved depository of such subject institution receives, an eligible asset in a pledge deposit, the subject institution shall provide to the approved depository, and the approved depository shall obtain from the subject institution, such documentation as may be necessary to enable the approved depository to transfer title to the eligible asset to the Commissioner pursuant to Financial Code Section 1811(h).

Note: Authority cited: Section 326, Financial Code. Reference: Section 1811, Financial Code.

History

1. Change without regulatory effect amending section filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34).

2. Change without regulatory effect amending section and Note filed 8-21-2019 pursuant to section 100, title 1, California Code of Regulations (Register 2019, No. 34).