California Code of Regulations
Title 10 - Investment
Chapter 6 - Real Estate Commissioner
Article 12 - Subdivisions
Section 2791.6 - Acceptable Trustees
Universal Citation: 10 CA Code of Regs 2791.6
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 subdivision under Section 11013.2(b) and other applicable provisions of the Subdivided Lands Law. 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 12-3-80; effective thirtieth day thereafter (Register 80, No. 49).
Note: Authority cited: Section 11001, Business and Professions Code. Reference: Section 11013.2, Business and Professions Code.
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