Statutes, codes, and regulations
California Code Of Regulations
Title 10 - InvestmentChapter 1 - Commissioner of Business Oversight, Division of Financial InstitutionsSubchapter 40 - Industrial Loans
Article 6 - Loans and Obligations Receivable
Section 40.614 - Definition of Term "Traded Securities" in Section 18208, Financial Code

Cal. Code Regs. tit. 10 § 40.614

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Current through Register 2024 Notice Reg. No. 52, December 27, 2024
Section 40.614 - Definition of Term "Traded Securities" in Section 18208, Financial Code

The term "traded securities" as used in Section 18208 of the Financial Code and in this Subchapter means a security which is either listed or admitted to trading on a national securities exchange or which has a substantial and active market and is subject to two-way quotations (i.e., both bid and asked prices) regularly published by one or more broker-dealers in the National Daily Quotation Service.

The term "traded securities" does not include stock which is subject to any restrictions on sale or transfer.

Cal. Code Regs. Tit. 10, § 40.614

1. Change without regulatory effect renumbering and amending former section 1171 to new section 40.614 filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34).

Note: Authority cited: Section 18347, Financial Code. Reference: Section 18208, Financial Code.

1. Change without regulatory effect renumbering and amending former section 1171 to new section 40.614 filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34).