Cal. Ins. Code § 854

Current through the 2023 Legislative Session.

Section 854 - Objection that sale unfair, unjust or inequitable to purchaser

After receipt of notice in writing from the commissioner, stating that the sale of a security would, in the commissioner's opinion, be unfair, unjust, or inequitable to the purchaser, no broker shall sell such security until and unless the commissioner in writing withdraws the objection.

Ca. Ins. Code § 854

Enacted by Stats. 1935, Ch. 145.