1. (a) Securities which are non-voting or assessable.
2. (b) Securities which are redeemable at the option of the holder.
3. (c) Warrants, options or similar evidences of a right to buy its securities, unless (1) issued to all of its security holders ratably, (ii) as part of a financing arrangement, or (iii) as part of a stock option plan to trustees, officers or employees of the trust which meets the conditions of Section 260.140.41 of those rules.

The declaration of trust shall not permit the issuance by the trust of:

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

History

1. Renumbering and amendment of Section 260.140.96 to Section 260.140.94, and renumbering and amendment of former Section 260.140.99 to Section 260.140.96 filed 1-28-82; effective thirtieth day thereafter (Register 82, No. 5).