California § 823. 823. (Amended by Stats. 1949, Ch. 256.)

California Statutes

§ 823. — 823. (Amended by Stats. 1949, Ch. 256.)

California § 823.

JurisdictionCalifornia

Code INSInsurance Code - INS

Div. 1.DIVISION 1. GENERAL RULES GOVERNING INSURANCE

Part 2.PART 2. THE BUSINESS OF INSURANCE

Ch. 1.CHAPTER 1. General Regulations

Art. 8.ARTICLE 8. Issue of Securities

This text of California § 823. (823. (Amended by Stats. 1949, Ch. 256.)) 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. Insurance Code - INS Code § 823. (2026).

Text

(a)A privilege pertaining to a security giving the holder the privilege to convert such security into another security of the same insurer is not a sale of such other security.

(b)A right pertaining to a security and entitling the holder of such right to subscribe to another security of the same insurer is not a sale of such other security, but the sale of such other security upon the exercise of such right shall be subject to the provisions of this article.

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(a)
A privilege pertaining to a security giving the holder the privilege to convert such security into another security of the same insurer is not a sale of such other security.
(b)
A right pertaining to a security and entitling the holder of such right to subscribe to another security of the same insurer is not a sale of such other security, but the sale of such other security upon the exercise of such right shall be subject to the provisions of this article.

Legislative History

Amended by Stats. 1949, Ch. 256.

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California § 823., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/INS/823..