Under Section 6523 of the law the commissioner may require any or all associations to file a true copy of the text of any advertisement in the office of the commissioner at least five days prior to issuance, circulation, or publication of such advertisement. Filing shall not be necessary, except when specifically required by the Commissioner or when proposed to be used in connection with the sale of capital stock, a permit for which must first be applied for and issued. All advertising proposed to be used in connection with the sale of capital stock shall not be used until the commissioner has authorized such use.
Cal. Code Regs. Tit. 10, § 104.101
2. Amendment filed 4-13-88; operative 5-13-88 (Register 88, No. 18).
Note: Authority cited: Section 8053, Financial Code. Reference: Section 6523, Financial Code.
2. Amendment filed 4-13-88; operative 5-13-88 (Register 88, No. 18).