California Financial Code 18018.5 – “Limited life preferred,” as used in this division, means preferred …
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“Limited life preferred,” as used in this division, means preferred stock which has a maturity or which may be redeemed at the option of the holder.
(Added by Stats. 1989, Ch. 663, Sec. 1.5. Operative January 1, 1991, by Sec. 20 of Ch. 663.)