§ 106.106. Redemption of Investment Certificates.

Latest version.

An association issuing investment certificates may provide that such certificates are not subject to redemption for an initial period after the issuance. The initial period shall not exceed ten years.

HISTORY

1. Change without regulatory effect renumbering former Section 216 to Section 106.106 (Register 87, No. 14). For prior history, see Register 83, No. 4.

Note

Note: Authority cited: Section 5255, Financial Code. Reference: Section 6564, Financial Code.

                    
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