PART 1. DEFINITIONS [25000. - 25023.]
Part 1 added by Stats. 1968, Ch. 88.
§§ 25000–25023 · 31 sections
- § 25000 This division may be known as the “Corporate Securities Law of 1968.” References herein to “this law” refer to the applicable provisions of this division.
- § 25001 Unless the context otherwise requires, the definitions in this part apply throughout this division.
- § 25002 “Advertisement” means any written or printed communication or any communication by means of recorded telephone messages or spoken on radio, television, or…
- § 25003 (a) “Agent” means any individual, other than a broker-dealer or a partner of a licensed broker-dealer, who represents a broker-dealer or who for compensation…
- § 25003.5 “Business days” are all days other than every Saturday, every Sunday, and such other days as are specified or provided for as holidays in the Government Code…
- § 25004 (a) “Broker-dealer” means any person engaged in the business of effecting transactions in securities in this state for the account of others or for that…
- § 25005 “Commissioner” means the Commissioner of Financial Protection and Innovation.
- § 25005.1 “Entity conversion transaction” means a conversion pursuant to Section 1151, 1157, 15911.02, 15911.08, 16902, 16908, 17710.02, or 17710.08 or a conversion that…
- § 25006 “Fraud,” “deceit,” and “defraud” are not limited to common law fraud or deceit.
- § 25007 “Guaranteed” means guaranteed as to payment of principal, interest, dividends, or call premium.
- § 25008 (a) An offer or sale of a security is made in this state when an offer to sell is made in this state, or an offer to buy is accepted in this state, or (if both…
- § 25009 (a) “Investment adviser” means any person who, for compensation, engages in the business of advising others, either directly or through publications or…
- § 25009.1 “Investment adviser” does not include persons excepted from the definition of “investment adviser” by Section 202(a)(11) of the Investment Advisers Act of 1940…
- § 25009.5 (a) “Investment adviser representative” or “associated person of an investment adviser” means any partner, officer, director of (or a person occupying a…
- § 25010 “Issuer” means any person who issues or proposes to issue any security, except that: (a) With respect to certificates of deposit, voting trust certificates or…
- § 25011 “Nonissuer transaction” means any transaction not directly or indirectly for the benefit of the issuer. A transaction is indirectly for the benefit of the…
- § 25012 “Owners’ association” means a nonprofit corporation or association created to own or lease the commonly owned lots, parcels or areas referred to in clause (a)…
- § 25013 “Person” means an individual, a corporation, a partnership, a limited liability company, a joint venture, an association, a joint stock company, a trust, an…
- § 25014 “Publish” means publicly to issue or circulate by newspaper, mail, radio or television, or otherwise to disseminate to the public.
- § 25014.5 “Rollup participant” means a finite-life limited partnership. (a) Except as provided in subdivision (b) of Section 25014.6, a limited partnership has…
- § 25014.6 “Rollup transaction” means any transaction or series of transactions that directly or indirectly through acquisition or otherwise involves the combination or…
- § 25014.7 (a) “Eligible rollup transaction” means a rollup transaction in which the new securities issued are listed or approved for listing on a national securities…
- § 25015 “Real estate development” means a development (a) which consists or will consist of separately owned lots, parcels or areas with either or both of the…
- § 25016 “Rule” means any published regulation or standard of general application issued by the commissioner. “Order” means a consent, authorization, approval, permit,…
- § 25017 (a) “Sale” or “sell” includes every contract of sale of, contract to sell, or disposition of, a security or interest in a security for value. “Sale” or “sell”…
- § 25018 “Securities Act of 1933,” “Securities Exchange Act of 1934,” “Investment Advisers Act of 1940,” and “Investment Company Act of 1940” mean the federal statutes…
- § 25019 “Security” means any note; stock; treasury stock; membership in an incorporated or unincorporated association; bond; debenture; evidence of indebtedness;…
- § 25020 “State” means any state, territory, or possession of the United States, the District of Columbia and Puerto Rico.
- § 25021 “Subdivided lands” and “subdivision” have the meanings prescribed in Sections 11000, 11004.5, and 11218 of the Business and Professions Code.
- § 25022 “Underwriter” means a person who has agreed with an issuer or other person on whose behalf a distribution is to be made (a) to purchase securities for…
- § 25023 (a) Except as provided in subdivision (b), “viatical settlement contract” means an agreement entered into between a person owning a life insurance policy upon…