California Code of Regulations
Title 10 - Investment
Chapter 6 - Real Estate Commissioner
Article 12.2 - Time-Share Project
Section 2807.3 - Acceptable Trustees
Universal Citation: 10 CA Code of Regs 2807.3
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
A trust company as defined in Section 107 of the Financial Code which is qualified to do business in California is a trustee acceptable to the Commissioner to hold title to a time-share plan pursuant to Section 11243 of the Code. In exceptional circumstances the Commissioner may approve a trustee other than a trust company as defined in Section 107 of the Financial Code.
1. New section filed 5-5-2005; operative 7-1-2005 (Register 2005, No. 18).
Note: Authority cited: Section 11281, Business and Professions Code. Reference: Section 11243, Business and Professions Code.
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