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 106.106 - Redemption of Investment Certificates
Universal Citation: 10 CA Code of Regs 106.106
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
An association issuing investment certificates may provide that such certificates are not subject to redemption for an initial period after the issuance. The initial period shall not exceed ten years.
1. Change without regulatory effect renumbering former Section 216 to Section 106.106 (Register 87, No. 14). For prior history, see Register 83, No. 4.
Note: Authority cited: Section 5255, Financial Code. Reference: Section 6564, Financial Code.
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