§ 106.105

Cal. Code Regs. tit. 10, § 106.105

Retirement of Shares.

Register 87, No. 14Authority cited: Section 5255, Financial Code. Reference: Section 6511.1, Financial Code.State of California

An association issuing withdrawable shares may provide that such shares are not subject to retirement for an initial period after the issuance. The initial period shall not exceed ten years.

Note: Authority cited: Section 5255, Financial Code. Reference: Section 6511.1, Financial Code.

History

1. Change without regulatory effect renumbering former Section 215 to Section 106.105 (Register 87, No. 14). For prior history, see Register 83, No. 4.