California Financial Code

§ 1331

FIN § 1331 Effective Jan 1, 2014Div. 1.1 · Ch. 10 · Art. 1

(a)For purposes of this section, the following terms have the following meanings:

(1)“Carrying a security” means maintaining, reducing, or retiring indebtedness originally incurred to acquire a security.

(2)“Controlling person” has the same meaning specified in Section 1250.

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Legislative history

Amended by Stats. 2013, Ch. 334, Sec. 36. (SB 537) Effective January 1, 2014.