Cal. Financial Code § 18018.4

California · California Financial Code · Status: effective

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Citation: Cal. Financial Code § 18018.4, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/815008
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“Mandatory convertible debt,” as used in this division, means a subordinated debt instrument which requires the issuer to convert that instrument into common or perpetual preferred stock by a date at or before the maturity of the debt instrument. The maturity of those instruments shall be 12 years or less.