California § 100020. 100020. (Added by Stats. 2012, Ch. 734, Sec. 3.)

California Statutes

§ 100020. — 100020. (Added by Stats. 2012, Ch. 734, Sec. 3.)

California § 100020.

Code GOVGovernment Code - GOV

Title 21.TITLE 21. THE CALSAVERS RETIREMENT SAVINGS TRUST ACT

This text of California § 100020. (100020. (Added by Stats. 2012, Ch. 734, Sec. 3.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Government Code - GOV Code § 100020. (2026).

Text

(a)The board may remove a vendor from the registry if the vendor submits materially inaccurate information to the board, does not remit assessed fees within 60 days, or fails to submit notice of material changes to its registered investment products. Vendors found to have submitted materially inaccurate information to the board shall be allowed 60 days to correct the information.

(b)The board shall remove a vendor from the registry if investments offered by the vendor are products of a regulated investment company or insurance company that is not licensed or has had its license revoked by the Financial Industry Regulatory Authority or the Department of Insurance for engaging in conduct prohibited by those entities.

(c)The board shall establish an appeals process for vendors that a

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(a)
The board may remove a vendor from the registry if the vendor submits materially inaccurate information to the board, does not remit assessed fees within 60 days, or fails to submit notice of material changes to its registered investment products. Vendors found to have submitted materially inaccurate information to the board shall be allowed 60 days to correct the information.
(b)
The board shall remove a vendor from the registry if investments offered by the vendor are products of a regulated investment company or insurance company that is not licensed or has had its license revoked by the Financial Industry Regulatory Authority or the Department of Insurance for engaging in conduct prohibited by
those entities.
(c)
The board shall establish an appeals process for vendors that are denied registration or removed from the registry.

Legislative History

Added by Stats. 2012, Ch. 734, Sec. 3. (SB 1234) Effective January 1, 2013.

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Bluebook (online)

California § 100020., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/GOV/100020..