- (a) If the registrant provides a certificate of deposit as security under the Health Spa Act, §10, the certificate of deposit must be issued by a financial institution in this state whose deposits are insured by the Federal Deposit Insurance Corporation or the Federal Savings and Loan Insurance Corporation.
- (b) A copy of the document, issued by the financial institution, that evidences the existence of the certificate of deposit must be filed along with an executed assignment form. The assignment form can be obtained from the Statutory Documents Section of the Office of the Secretary of State, P.O. Box 12887, Austin, Texas 78711-2887, (512) 463-6906. It is also available on the Internet at http://www.sos.state.tx.us/function/statforms/spa.html.
Source Note:The provisions of this §102.45 adopted to be effective January 18, 1993, 18 TexReg 61; amended to be effective September 6, 1999, 24 TexReg 6967.