California Corporations Code

§ 25004

CORP § 25004 Effective Jan 1, 2023Div. 1 · Title 4 · Part 1

Statute text

(a)“Broker-dealer” means any person engaged in the business of effecting transactions in securities in this state for the account of others or for that person’s own account. “Broker-dealer” also includes a person engaged in the regular business of issuing or guaranteeing options with regard to securities not of that person’s own issue. “Broker-dealer” does not include any of the following:

(1)Any other issuer.

(2)An agent, when an employee of a broker-dealer or issuer.

…

Legislative history

Amended by Stats. 2022, Ch. 452, Sec. 69. (SB 1498) Effective January 1, 2023.