California · Corporations Code

CORP §25147: The commissioner may by rule or order require as a condition of qualification that any security qualified under Section 25113 be sold only on a specified form of subscription or sale contract, and tha

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What this law says, in plain English

The commissioner may require by rule or order that certain qualified securities be sold only through a specified subscription or sale contract form as a condition of qualification.

Read the full statutory text

The commissioner may by rule or order require as a condition of qualification that any security qualified under Section 25113 be sold only on a specified form of subscription or sale contract, and that a signed or conformed copy of each contract be preserved for any period up to three years specified in the rule or order.

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