§ 18427.11
69 words·~1 min read·
/ca/financial-code/18427-11A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The commissioner may by regulation or order restrict, limit, prohibit or otherwise condition the uses of the proceeds from the sale of securities, the extent to which a security may be included within the definition of capital, or the extent to which the proceeds from the sale of securities may be included in the investment certificate ratio as defined by Section 18016, or used to increase outstanding investment certificates.