§ 30200
54 words·~1 min read·
/ca/financial-code/30200A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
It shall be unlawful for any person to operate a securities depository within this state, or to solicit holders of securities within this state to place their securities into a securities depository located within this state or outside this state, except by means of a corporation licensed by the commissioner as a securities depository.