{"code":"GOV","codeName":"Government Code","section":"5955","citation":"Gov. Code, § 5955","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"TITLE 1. GENERAL [100. - 7931.000.]","url":"https://blackletter.si/government-code/title-1"},{"name":"DIVISION 6. PUBLIC BONDS AND OBLIGATIONS [5000. - 5979.]","url":"https://blackletter.si/government-code/title-1/division-6"},{"name":"CHAPTER 13. Fractional Interest in Local Agency Obligations [5950. - 5955.]","url":"https://blackletter.si/government-code/title-1/division-6/chapter-13"}],"history":"Added by Stats. 1994, Ch. 972, Sec. 3.   Effective September 29, 1994.","effective":"1994-09-29","html":"<p>The obtaining of local agency consent to an offer or sale of a security under Section <a href=\"/gov/5951\">5951</a> shall not obviate the necessity of qualification of the offer or sale of such security under Division 1 (commencing with Section <a href=\"/gov/25000\">25000</a>) of Title 4 of the Corporations Code, unless the security or transaction is exempt from qualification under such law.</p>","text":"The obtaining of local agency consent to an offer or sale of a security under Section 5951 shall not obviate the necessity of qualification of the offer or sale of such security under Division 1 (commencing with Section 25000) of Title 4 of the Corporations Code, unless the security or transaction is exempt from qualification under such law.","otherVersions":[],"url":"https://blackletter.si/government-code/fractional-interest-in-local-agency-obligations-5955","source":"California Legislative Information bulk export (pubinfo)"}