California Business and Professions Code

§ 19900

BPC § 19900 Effective Jan 1, 2010Div. 8 · Ch. 5 · Art. 7

Statute text

(a)Except as may be provided by regulation of the commission, the following security interests shall not be enforced without the prior approval of the commission and compliance with regulations adopted pursuant to subdivision (b):

(1)In a security issued by a corporation that is a holder of a gambling license in this state.

(2)In a security issued by a holding company that is not a publicly traded corporation.

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Legislative history

Amended by Stats. 2009, Ch. 233, Sec. 16. (AB 293) Effective January 1, 2010.