Cal. Code Regs. tit. 10 § 2609.05

Current through Register 2024 Notice Reg. No. 24, June 14, 2024

Section 2609.05 - Certificate for Shares, Contents of

Every form of certificate for shares submitted for authorization shall make provision for stating all of the following:

A. The name of the record holder of the shares represented thereby.

B. The number, designation, if any, and class or series of shares represented thereby.

C. The par value of the shares represented thereby if applicant is subject to Section 690 of the Insurance Code; otherwise, the par value, if any, of the shares represented thereby, or a statement that the shares are without par value.

NOTE: Underwritten title companies, attorneys in fact of reciprocal insurers, and exclusive managers of domestic insurers are not subject to said Section 690. (Sec. 690 and Corporations Code Sec. 2401)

Cal. Code Regs. Tit. 10, § 2609.05