Cal. Code Regs. Tit. 10, § 2807.3 - Acceptable Trustees
Current through Register 2021 Notice, Register No. 40, October 1, 2021
A trust company as defined in Section 107 of the Financial Code which is qualified to do business in California is a trustee acceptable to the Commissioner to hold title to a time-share plan pursuant to Section 11243 of the Code. In exceptional circumstances the Commissioner may approve a trustee other than a trust company as defined in Section 107 of the Financial Code.
Note: Authority cited: Section 11281, Business and Professions Code. Reference: Section 11243, Business and Professions Code.
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