§ 2807.3. Acceptable Trustees.
10 CA ADC § 2807.3Barclays Official California Code of Regulations
10 CCR § 2807.3
§ 2807.3. Acceptable Trustees.
A trust company as defined in Section 107 of the Financial Code which is qualified to do business in California is a trustee acceptable to the Commissioner to hold title to a time-share plan pursuant to Section 11243 of the Code. In exceptional circumstances the Commissioner may approve a trustee other than a trust company as defined in Section 107 of the Financial Code.
Credits
Note: Authority cited: Section 11281, Business and Professions Code. Reference: Section 11243, Business and Professions Code.
History
1. New section filed 5-5-2005; operative 7-1-2005 (Register 2005, No. 18).
This database is current through 5/10/24 Register 2024, No. 19.
Cal. Admin. Code tit. 10, § 2807.3, 10 CA ADC § 2807.3
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