Section 20204.

Latest version.

The board may sell exchange-traded call options only through an exchange, and only with respect to stock owned by this system. Common stock that is obligated under an unexpired written call option shall not be sold unless the board first enters into a closing purchase transaction.

The board may purchase exchange traded options only through an exchange and only for the purpose of a closing purchase transaction.

(Repealed and added by Stats. 1995, Ch. 379, Sec. 2. Effective January 1, 1996.)

                    
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