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§ 16008.1.1. Order to Substitute for Nonqualified Security--Issuance.

2 CA ADC § 16008.1.1Barclays Official California Code of Regulations

Barclays California Code of Regulations
Title 2. Administration
Division 4.5. Local Agency Deposit Security
Chapter 2. Administrator of Local Agency Security
Subchapter 8. Nonqualification of Security
Article 1. Order to Substitute for Nonqualified Security
2 CCR § 16008.1.1
§ 16008.1.1. Order to Substitute for Nonqualified Security--Issuance.
Currentness
Whenever the Administrator determines that a security held by an agent of depository for the purpose of securing a secured local agency deposit in a depository is not qualified to secure a secured local agency deposit, the Administrator shall issue to such depository an order to substitute for nonqualified security.

Credits

History
1. Repealer of former Article 1 (Sections 16008.1.1 through 16008.1.4, renumbering of Article 2 to Article 1 and renumbering of Section 16008.2.1 to 16008.1.1 filed 3-1-73 as an emergency; designated effective 3-7-73 (Register 73, No. 9).
2. Certificate of Compliance filed 5-2-73 (Register 73, No. 18).
This database is current through 5/24/24 Register 2024, No. 21.
Cal. Admin. Code tit. 2, § 16008.1.1, 2 CA ADC § 16008.1.1
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