Limitations shall be imposed upon the transfer of the debt securities so as to maintain ownership with the group of individuals described in Section 260.140.72(d). Transfers outside that group by gift or as security for a loan shall be permissible.

Note: Authority cited: Section 25610, Corporations Code. Reference: Section 25140, Corporations Code.

History

1. New section filed 2-8-89, operative 3-10-89 (Register 89, No. 8).