California § 30205. 30205. (Added by Stats. 1972, Ch. 1057.)

California Statutes

§ 30205. — 30205. (Added by Stats. 1972, Ch. 1057.)

California·Code FIN Financial Code - FIN·Div. 14. DIVISION 14. SECURITIES DEPOSITORIES·Ch. 2. CHAPTER 2. License

Upon the receipt of a proper and complete application for license, and all required fees, the commissioner shall immediately examine and investigate all facts connected with the proposed licensee, including but not limited to its stockholders, directors, officers and managers, and its proposed safeguards with respect to custody, handling, recordkeeping, insurance, and auditing of securities on deposit. The commissioner may or may not require the applicant to submit to an appropriate hearing. At such hearing any interested person may show cause either in favor of, or opposed to, the application.

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Upon the receipt of a proper and complete application for license, and all required fees, the commissioner shall immediately examine and investigate all facts connected with the proposed licensee, including but not limited to its stockholders, directors, officers and managers, and its proposed safeguards with respect to custody, handling, recordkeeping, insurance, and auditing of securities on deposit. The commissioner may or may not require the applicant to submit to an appropriate hearing. At such hearing any interested person may show cause either in favor of, or opposed to, the application.

California § 30205. (30205. (Added by Stats. 1972, Ch. 1057.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Added by Stats. 1972, Ch. 1057.

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