California Corporations Code

§ 25230.1

CORP § 25230.1 Effective Jan 1, 1999Div. 1 · Title 4 · Part 3 · Ch. 3

Statute text

(a)A person that is registered under Section 203 of the Investment Advisers Act of 1940 as an investment adviser is not subject to the requirement of obtaining a certificate under Section 25230, but may not conduct business in this state unless the person has fewer than six clients as specified in Section 25202 or unless the person first complies with subdivision (b). An investment adviser representative that has a place of business in this state may be required to obtain a certificate pursuant to Section 25231.

(b)A person subject to subdivision (a) shall:

(1)File with the commissioner an annual notice, consisting of those documents filed with the Securities and Exchange Commission pursuant to the securities laws that the commissioner by rule or order deems appropriate or, in lieu thereof, a form prescribed by the commissioner, and a consent to service of process under Section 25240.

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Legislative history

Amended by Stats. 1998, Ch. 48, Sec. 6. Effective January 1, 1999.