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California Financial Code

§ 2084

FIN § 2084 Effective Jan 1, 2024Div. 1.2 · Ch. 5

Statute text

View on leginfo.ca.gov
(a)A licensee shall be deemed to own an eligible security only if the following apply:
(1)(A) The licensee owns the eligible security solely and exclusively in its own right, both of record and beneficially.
(B)Notwithstanding subparagraph (A), a licensee shall be deemed to own accounts held for the benefit of the licensee’s customers that otherwise meet the requirements of paragraph (2) of subdivision (b) of Section 2082.
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Legislative history

Amended by Stats. 2023, Ch. 463, Sec. 9. (AB 1116) Effective January 1, 2024.

Source: California Financial Code § 2084 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.