California Code of Regulations
Title 10 - Investment
Chapter 3 - Commissioner of Financial Protection and Innovation
Subchapter 2 - Corporate Securities
Article 4 - Standards for the Exercise of the Commissioner's Authority
Subarticle 8 - Investment Companies
Section 260.140.82 - Prohibition on Options
Universal Citation: 10 CA Code of Regs 260.140.82
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
No option shall be issued by an open-end investment company; provided, however, that this prohibition does not apply to short-term options issued to permit the reinvestment of dividends or distributions of capital gains.
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