Cal. Code Regs. tit. 10 § 260.141.12

Current through Register 2024 Notice Reg. No. 50, December 13, 2024

Section 260.141.12 - Removal of Restriction on Transfer

Upon application (Form 260.141.50), the Commissioner will issue an order eliminating the restriction on transfer provided for in any condition imposed pursuant to Section 260.141.10, or eliminating the restriction on transfer imposed upon securities by an order issued pursuant to Section 25534 of the Code, if the Commissioner finds:

(a) That circumstances no longer require the imposition of the condition, and

(b) That subsequent transfers of the securities are not likely to be unfair, unjust or inequitable to any purchaser thereof.

Cal. Code Regs. Tit. 10, § 260.141.12

1. Amendment filed 1-4-77; effective thirtieth day thereafter (Register 77, No. 2).
2. Amendment refiled 1-7-77; effective thirtieth day thereafter (Register 77, No. 2).
3. Amendment filed 5-3-83; effective thirtieth day thereafter (Register 83, No. 19).
4. Amendment of first paragraph filed 5-20-97; operative 5-20-97 pursuant to Government Code section 11343.4(d) (Register 97, No. 21).

Note: Authority cited: Section 25610, Corporations Code. Reference: Section 25141, Corporations Code.