An application by a licensee for approval to make, or to obligate itself to make, a distribution to its shareholders shall be signed in the name of such licensee by an officer of the licensee.

Note: Authority cited: Section 31101, Financial Code. Reference: Sections 31107 and 31231, Financial Code.

History

1. Amendment of section heading, repealer of subsection (a) designator, repealer of subsection (b) and new Note filed 4-7-97; operative 4-7-97 pursuant to Government Code section 11343.4(d) (Register 97, No. 15).