California Code of Regulations
Title 10 - Investment
Chapter 5 - Insurance Commissioner
Subchapter 4 - Insurer Securities Permits
Article 9 - Miscellaneous Requirements
Section 2609.05 - Certificate for Shares, Contents of

Universal Citation: 10 CA Code of Regs 2609.05

Current through Register 2024 Notice Reg. No. 38, September 20, 2024

Every form of certificate for shares submitted for authorization shall make provision for stating all of the following:

A. The name of the record holder of the shares represented thereby.

B. The number, designation, if any, and class or series of shares represented thereby.

C. The par value of the shares represented thereby if applicant is subject to Section 690 of the Insurance Code; otherwise, the par value, if any, of the shares represented thereby, or a statement that the shares are without par value.

NOTE: Underwritten title companies, attorneys in fact of reciprocal insurers, and exclusive managers of domestic insurers are not subject to said Section 690. (Sec. 690 and Corporations Code Sec. 2401)

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