{"code":"CORP","codeName":"Corporations Code","section":"28405","citation":"Corp. Code, § 28405","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"TITLE 4. SECURITIES [25000. - 31528.]","url":"https://blackletter.si/corporations-code/title-4"},{"name":"DIVISION 3. CAPITAL ACCESS COMPANIES [28000. - 28958.]","url":"https://blackletter.si/corporations-code/title-4/division-3"},{"name":"CHAPTER 6. Transaction of Business [28400. - 28405.]","url":"https://blackletter.si/corporations-code/title-4/division-3/chapter-6"}],"history":"Added by Stats. 1998, Ch. 668, Sec. 3.   Effective January 1, 1999.   Operative July 1, 1999, by Sec. 4 of Ch. 668.","effective":"1999-01-01","html":"<p>This section creates and authorizes an exempt class of persons pursuant to Section <a href=\"/corp/1\">1</a> of Article XV of the California Constitution. The restrictions upon rates of interest contained in Section <a href=\"/corp/1\">1</a> of Article XV of the California Constitution shall not apply to any evidence of indebtedness purchased by any licensee.</p>","text":"This section creates and authorizes an exempt class of persons pursuant to Section 1 of Article XV of the California Constitution. The restrictions upon rates of interest contained in Section 1 of Article XV of the California Constitution shall not apply to any evidence of indebtedness purchased by any licensee.","otherVersions":[],"url":"https://blackletter.si/corporations-code/transaction-of-business-28405","source":"California Legislative Information bulk export (pubinfo)"}