California Corporations Code

§ 25102.1

CORP § 25102.1 Effective Jan 1, 2020Div. 1 · Title 4 · Part 2 · Ch. 1

Statute text

The following transactions are not subject to Sections 25110, 25120, and 25130:

(a)Any offer or sale of a security to a “qualified purchaser” as that term is defined by rule of the Securities and Exchange Commission pursuant to Section 18(b)(3) of the Securities Act of 1933 (15 U.S.C. 77r), if all of the following requirements are met:

(1)A notice is filed with the commissioner prior to an offer in this state, along with any documents filed with the Securities and Exchange Commission in annual or periodic reports that the commissioner by rule or order deems appropriate.

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Legislative history

Amended by Stats. 2019, Ch. 143, Sec. 46. (SB 251) Effective January 1, 2020.