California Code of Regulations
Title 10 - Investment
Chapter 2 - Savings and Loan Commissioner
Subchapter 6 - Operations-Savings
Article 1 - Investment Certificates and Withdrawable Shares
Section 106.102 - Period of Bonus Certificate or Share
Universal Citation: 10 CA Code of Regs 106.102
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
The board of directors of an association may determine a bonus rate of return on shares or investment certificates for a period not to exceed ten years.
1. Change without regulatory effect renumbering former Section 212 to Section 106.102 (Register 87, No. 14). For prior history, see Register 83, No. 4.
Note: Authority cited: Section 5255, Financial Code. Reference: Section 7400.1, Financial Code.
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