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2016 California Code
Financial Code - FIN
DIVISION 14 - SECURITIES DEPOSITORIES
CHAPTER 2 - License
Section 30216.

CA Fin Code § 30216 (2016) What's This?

30216. Whenever in the opinion of the commissioner any person required by this division to be licensed is engaged in operating a securities depository or in soliciting securities holders within this state to place securities in a securities depository, without a license from the commissioner, the commissioner may order said person to desist and to refrain from engaging in such business. If, after such an order is made, a request for a hearing is filed in writing and the hearing is not held within 60 days thereafter, the order is rescinded.

(Added by Stats. 1972, Ch. 1057.)

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