The Commissioner will issue an order removing the impound condition if an order is issued by the Commissioner authorizing the depositary to release the full amount of the funds impounded and the issuer is qualified to offer and sell additional securities.

Note: Authority cited: Section 25610, Corporations Code. Reference: Section 25141, Corporations Code.

History

1. New section filed 1-4-77; effective thirtieth day thereafter (Register 77, No. 2).

2. Section refiled 1-7-77; effective thirtieth day thereafter (Register 77, No. 2).

3. Amendment filed 5-3-83; effective thirtieth day thereafter (Register 83, No. 19).