523.12 - EQUITY SECURITY DEFINED.

        523.12  EQUITY SECURITY DEFINED.         The term "equity security" when used in sections 523.7 to      523.14 means any stock or similar security; or any security      convertible, with or without consideration, into such a security, or      carrying any warrant or right to subscribe to or purchase such a      security; or any such warrant or right; or any other security which      the commissioner shall deem to be of similar nature and consider      necessary or appropriate, by such rules and regulations as the      commissioner may prescribe in the public interest or for the      protection of investors, to treat as an equity security.  
         Section History: Early Form
         [C66, 71, 73, 75, 77, 79, 81, § 523.12]         Referred to in § 523.11, 523.14