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DIVISION 2. SAVINGS ASSOCIATION LAW 5000-10009›CHAPTER 1. Short Title, General Definitions, and General Provisions 5000-5330›ARTICLE 2. General Definitions 5100-5124

§ 5105.8

California Financial Code · 2018-11 edition · updated 2026-10-04 · California

“Corporate debt security” means a marketable obligation, evidencing the indebtedness of any corporation in the form of a bond, note, or debenture, or both note and debenture, which is commonly regarded as a debt security and is not predominantly speculative in nature. A security is marketable if it may be sold with reasonable promptness at a price which corresponds reasonably to its fair value.

(Added by Stats. 1984, Ch. 225, Sec. 3. Effective June 21, 1984.)

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California Financial Code

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