California Statutes
§ 838.5. — 838.5. (Amended by Stats. 1978, Ch. 795.)
California § 838.5.
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 § 838.5. (838.5. (Amended by Stats. 1978, Ch. 795.)) 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 § 838.5. (2026).
Text
Pursuant to this code, the commissioner has been and is authorized, in the instance of an application for a permit to issue securities in exchange for one or more bona fide outstanding securities, claims or property interest, or partly in such exchange and partly for cash, to approve the terms and conditions of such issuance and exchange and the fairness of such terms and conditions, after a hearing upon the fairness of such terms and conditions, to which all persons to whom it is proposed to issue securities in such exchange shall have the right to appear.
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Legislative History
Amended by Stats. 1978, Ch. 795.
Nearby Sections
2
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Bluebook (online)
California § 838.5., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/INS/838.5..