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HomeFinancial CodeDiv. 14Ch. 2§ 30202 Securities Depository License Fees

§ 30202 Securities Depository License Fees

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

§ 30202 Securities Depository License Fees

Key Takeaways

  • •You pay $2,500 to apply for a special license to hold securities (like stocks or bonds).
  • •If there's a hearing about your application, you pay for the actual cost of that hearing.
  • •To keep the license active, you pay $2,500 every year, but you pay for two years at once every December 15th of odd years (like 2023, 2025).
  • •If you get the license in an even year (like 2024), you pay an extra $2,500 within 60 days.

Example

A company wants to store and manage stocks and bonds for others.

They must pay $2,500 to apply for the license. If approved in 2024 (an even year), they pay another $2,500 within 60 days. Then, they pay $2,500 every December 15th of odd years to keep the license.

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

Official Source
View on CA.gov

§ 30202 Securities Depository License Fees

The commisioner shall charge and collect the following fees: (a) For filing an application for a securities depository license, two thousand five hundred dollars ($2,500). (b) For holding a hearing in connection with the application, as set forth under Section 30205, the actual costs experienced in each particular instance. (c) For continuing a license as a securities depository in effect, a fee of two thousand five hundred dollars ($2,500) per annum, payable biennially on the 15th day of December of each odd-numbered calendar year. If a license is issued during an even-numbered calendar year, the securities depository shall pay to the commissioner, within 60 days after the issuance of its license, an additional annual fee of two thousand five hundred dollars ($2,500). (Added by Stats. 1972, Ch. 1057.)

Last verified: January 23, 2026

Key Terms

commissionhearingsecuritiesstocklicenseapplicationconnectioninstance

Related Statutes

  • § 30204 Securities Depository License Application
  • § 30205 License Application Review Process
  • § 28110 Electronic License Records Acceptance
  • § 28112 License Application Requirements
  • § 28116 Mortgage Servicer Licensing Investigation

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 30202.
View Official Source