California Insurance Code 854 – After receipt of notice in writing from the commissioner, stating …
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After receipt of notice in writing from the commissioner, stating that the sale of a security would, in the commissioner’s opinion, be unfair, unjust, or inequitable to the purchaser, no broker shall sell such security until and unless the commissioner in writing withdraws the objection.
(Enacted by Stats. 1935, Ch. 145.)
Terms Used In California Insurance Code 854
- Commissioner: means the Insurance Commissioner of this State. See California Insurance Code 20