Cal. Code Regs. tit. 10 § 106.105

Current through Register 2024 Notice Reg. No. 52, December 27, 2024

Section 106.105 - Retirement of Shares

An association issuing withdrawable shares may provide that such shares are not subject to retirement for an initial period after the issuance. The initial period shall not exceed ten years.

Cal. Code Regs. Tit. 10, § 106.105

1. Change without regulatory effect renumbering former Section 215 to Section 106.105 (Register 87, No. 14). For prior history, see Register 83, No. 4.

Note: Authority cited: Section 5255, Financial Code. Reference: Section 6511.1, Financial Code.

1. Change without regulatory effect renumbering former Section 215 to Section 106.105 (Register 87, No. 14). For prior history, see Register 83, No. 4.