California Business and Professions Code

§ 11010.1

BPC § 11010.1Div. 4 · Part 2 · Ch. 1 · Art. 2

Statute text

Prior to the issuance of promissory notes secured by individual lots in an unrecorded subdivision, the owner, his agent or subdivider shall notify the commissioner in writing of his intention to issue such notes. The notice of intention shall contain the following information:

(a)The name and address of the owner.

(b)The name and address of the subdivider.

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Legislative history

Added by Stats. 1961, Ch. 886.