Statutes, codes, and regulations
California Code Of Regulations
Title 10 - InvestmentChapter 1 - Commissioner of Business Oversight, Division of Financial InstitutionsSubchapter 10 - BanksArticle 6 - California State Offices of Foreign (Other Nation) BanksSubarticle 3 - Agencies and Branch OfficesPart 10 - Deposit of Eligible Assets
Subpart 8 - Withdrawal and Release of Eligible Assets-Blanket Approval
Section 10.16178 - Deposit and Receipt of Eligible Assets of Equal or Greater Value

Cal. Code Regs. tit. 10 § 10.16178

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Current through Register 2024 Notice Reg. No. 52, December 27, 2024
Section 10.16178 - Deposit and Receipt of Eligible Assets of Equal or Greater Value

At the same time as a subject institution withdraws, and the approved depository of such subject institution releases, an eligible asset from a pledge deposit under the blanket approval granted in Section 10.16177 of this Chapter, the subject institution shall deposit, and the approved depository shall receive, in the pledge deposit an eligible asset having a value at least equal to the value of the eligible asset withdrawn and released.

Cal. Code Regs. Tit. 10, § 10.16178

1. Amendment filed 3-12-82; effective thirtieth day thereafter (Register 82, No. 11).

Note: Authority cited: Section 215, Financial Code. Reference: Section 1761, Financial Code.

1. Amendment filed 3-12-82; effective thirtieth day thereafter (Register 82, No. 11).