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HomeCorporations CodeCh. 5§ 25149 Commissioner Escrow Authority

§ 25149 Commissioner Escrow Authority

Corporations Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 25149 Commissioner Escrow Authority

This law lets the commissioner keep securities in escrow when he tells someone to put them there.

Key Takeaways

  • •The commissioner has the power to be the escrow holder.
  • •He can only do this when he orders securities to be placed in escrow.
  • •The securities stay with the commissioner until the escrow purpose is met.

Example

A business is told by the commissioner to set aside stock as security for a contract.

The commissioner can hold that stock himself until the contract is finished, instead of the business keeping it.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 25149 Commissioner Escrow Authority

The commissioner may act as escrow holder for securities required to be deposited in escrow by his order. (Added by Stats. 1968, Ch. 88.)

Last verified: January 10, 2026

Key Terms

commissionerescrow holdersecurities

Related Statutes

  • § 25150 Commissioner Expert Evidence Use
  • § 25140 Stop Order Grounds
  • § 25141 Commissioner Escrow Security Conditions
  • § 25143 Postponement Or Suspension Of Qualifications
  • § 25144 Vacating Or Modifying Stop Orders

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Corporations Code. Section 25149.
View Official Source