California Code of Regulations
Title 10 - Investment
Chapter 3 - Commissioner of Financial Protection and Innovation
Subchapter 2.3 - Capital Access Companies
Article 11 - Books and Records
Section 280.652 - Records Prepared or Maintained by Other than Person Required to Maintain and Preserve Them
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
(a) If the records required to be maintained and preserved pursuant to the provisions of Rules 280.650 and 280.651 are prepared or maintained by others on behalf of the capital access company required to maintain and preserve such records, the person required to maintain and preserve such records shall obtain from such other person an agreement in writing to the effect that such records are the property of the person required to maintain and preserve such records and will be surrendered promptly to the Commissioner on request.
(b) In cases where a bank or member of a national securities exchange acts as custodian, transfer agent, or dividend disbursing agent, compliance with this section shall be considered to have been met if such bank or exchange member agrees in writing to make any records relating to such service available upon request and to preserve for the periods prescribed in Rule 280.651 any such records as are required to be maintained by 280.650.
1. New section filed 6-24-99; operative 7-1-99 pursuant to Government Code section 11343.4(d) (Register 99, No. 26).
Note: Authority cited: Section 28500, Corporations Code. Reference: Sections 28501(a) and 28501(c), Corporations Code.
