Home Table of Contents

§ 280.604. Report of Defalcation.

10 CA ADC § 280.604BARCLAYS OFFICIAL CALIFORNIA CODE OF REGULATIONS

Barclays Official California Code of Regulations Currentness
Title 10. Investment
Chapter 3. Commissioner of Financial Protection and Innovation
Subchapter 2.3. Capital Access Companies
Article 10. Reports to the Commissioner
10 CCR § 280.604
§ 280.604. Report of Defalcation.
(a) A licensee shall immediately report to the Commissioner any defalcation, embezzlement or theft made, or reasonably believed by the company to have been made, by any of its officers, directors, partners, members, employees or persons controlling 10 percent or more of the ownership interests, trustees, investment advisers, or affiliates.
(b) Employee shall have the same meaning as in Rule 280.603(b).
Note: Authority cited: Section 28951, Corporations Code. Reference: Section 28502, Corporations Code.
HISTORY
1. New section filed 6-24-99; operative 7-1-99 pursuant to Government Code section 11343.4(d) (Register 99, No. 26).
This database is current through 7/29/22 Register 2022, No. 30
10 CCR § 280.604, 10 CA ADC § 280.604
End of Document