{"code":"FIN","codeName":"Financial Code","section":"30216","citation":"Fin. Code, § 30216","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 14. SECURITIES DEPOSITORIES [30000. - 30704.]","url":"https://blackletter.si/financial-code/division-14"},{"name":"CHAPTER 2. License [30200. - 30218.]","url":"https://blackletter.si/financial-code/division-14/chapter-2"}],"history":"Added by Stats. 1972, Ch. 1057.","effective":null,"html":"<p>Whenever in the opinion of the commissioner any person required by this division to be licensed is engaged in operating a securities depository or in soliciting securities holders within this state to place securities in a securities depository, without a license from the commissioner, the commissioner may order said person to desist and to refrain from engaging in such business. If, after such an order is made, a request for a hearing is filed in writing and the hearing is not held within 60 days thereafter, the order is rescinded.</p>","text":"Whenever in the opinion of the commissioner any person required by this division to be licensed is engaged in operating a securities depository or in soliciting securities holders within this state to place securities in a securities depository, without a license from the commissioner, the commissioner may order said person to desist and to refrain from engaging in such business. If, after such an order is made, a request for a hearing is filed in writing and the hearing is not held within 60 days thereafter, the order is rescinded.","otherVersions":[],"url":"https://blackletter.si/financial-code/license-30216","source":"California Legislative Information bulk export (pubinfo)"}