Cal. Code Regs. Tit. 10, § 2807.3 - Acceptable Trustees

Current through Register 2021 Notice Reg. No. 52, December 24, 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.

Notes

Cal. Code Regs. Tit. 10, § 2807.3

Note: Authority cited: Section 11281, Business and Professions Code. Reference: Section 11243, Business and Professions Code.

1. New section filed 5-5-2005; operative 7-1-2005 (Register 2005, No. 18).

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