Cal. Code Regs. tit. 10 § 260.141.3
Current through Register 2024 Notice Reg. No. 45, November 8, 2024
In cases where the Commissioner determines that there is an unusual danger that promotional shares might be distributed to the public despite the requirement of a legend on the certificates, he may require that the certificates representing promotional shares be deposited in escrow. No person shall be qualified to act as escrow holder until the Commissioner has issued a written order approving such person as an escrow holder.
Cal. Code Regs. Tit. 10, § 260.141.3