§ 25244 Surrender Revoked Certificates

Corporations Code·California

AI SummaryVerified

This law says that if a person’s broker‑dealer or investment‑adviser certificate is suspended or taken away, they must hand it over to the commissioner right away.

Key Takeaways

•If a broker‑dealer or investment‑adviser certificate is suspended or revoked, it must be surrendered at once.
•The surrender must be made to the commissioner.
•The rule applies to any person holding such a certificate.

Example

Maria works as an investment adviser. The state revokes her certificate because she broke the rules.

Because her certificate was revoked, Maria has to give the certificate to the commissioner immediately, or she could be breaking the law.

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

Official Source

View on CA.gov

§ 25244 Surrender Revoked Certificates

Any person whose certificate as a broker-dealer or investment adviser has been suspended or revoked shall immediately surrender such certificate to the commissioner. (Amended by Stats. 1981, Ch. 1120, Sec. 9. Effective October 2, 1981. Operative November 1, 1981, by Sec. 15 of Ch. 1120.)

Last verified: January 10, 2026

Key Terms

broker-dealer investment adviser certificate suspended or revoked commissioner

References

Official text at leginfo.legislature.ca.gov
California Legislature. Corporations Code. Section 25244.

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Key Takeaways

Example

Key Terms

Related Statutes

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