Statute · California Financial Code
Cal. Fin. Code § 5105.8 — General Definitions
Cal. Fin. Code § 5105.8
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Date
- 1984-06-21
- Current through
- Nov 2, 2026 (California Legislative Counsel)
“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…
Citator
Cal. Fin. Code § 5105.8 — General Definitions is in force in the current edition of the Code, and nothing recorded condemns it.
“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.