California Code of Regulations
Title 10 - Investment
Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions
Subchapter 10 - Banks
Article 7 - Acquiring and Holding Equity Securities of Corporations
Subarticle 2 - Investing in Corporations
Part 1 - General Provisions
Section 10.19055 - Violations

If the Commissioner finds that any subject institution or any regulated corporation has violated any provision of this Subarticle, the Commissioner may issue such orders as may be appropriate or necessary in the circumstances, including an order ordering the subject institution or the regulated corporation to cease and desist from the violation, an order ordering the subject institution or the regulated corporation to take affirmative action to correct the conditions resulting from the violation, or an order ordering the subject institution to divest itself of its investment in the regulated corporation.

1. Change without regulatory effect amending section filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34).

Note: Authority cited: Section 215, Financial Code. Reference: Sections 215 and 772, Financial Code.