California Financial Code 2085 – If the commissioner finds that any eligible security or class of …
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If the commissioner finds that any eligible security or class of eligible securities is not of sufficient liquidity or quality to be eligible securities, the commissioner may by regulation or order declare the security or class of securities to be ineligible.
(Added by Stats. 2011, Ch. 243, Sec. 4. (SB 664) Effective January 1, 2012.)