California Financial Code

§ 30204

FIN § 30204Div. 14 · Ch. 2

Statute text

An application for a securities depository license shall be signed and verified by an authorized officer of the applicant, and shall set forth in such form as the commissioner may prescribe:

(a)The names and addresses of the incorporators, directors, and officers, with a statement of their character, experience, and general fitness to operate a securities depository.

(b)A showing that the proposed method of operation of such securities depository will be adequate for the protection of investors.

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Legislative history

Added by Stats. 1972, Ch. 1057.