ARTICLE 5. Securities Transactions [18427. - 18427.11.]
Article 5 added by Stats. 1989, Ch. 663, Sec. 17.
§§ 18427–18427.11 · 12 sections
- § 18427 Unless the context otherwise requires, in this article: (a) “Offer” or “offer to sell” includes every attempt or offer to dispose of, or solicitation of an…
- § 18427.1 No industrial loan company organized under the laws of this state shall offer or sell any security issued by it unless the commissioner has issued a permit…
- § 18427.2 An application for a permit shall be in such form and contain such information as the commissioner may prescribe.
- § 18427.3 The commissioner shall charge and collect fees for applications filed under this article as fixed in this section. (a) The fee for a negotiating permit shall…
- § 18427.4 If the commissioner finds that the proposed sale of securities is fair, just, and equitable, he or she shall issue to the applicant a permit authorizing it to…
- § 18427.5 The commissioner may impose conditions in any permit issued under Section 18427.4, requiring the deposit in escrow of securities, imposing a legend condition…
- § 18427.6 Every permit issued pursuant to Section 18427.4 shall recite that it is permissive only and does not constitute a recommendation or endorsement of the…
- § 18427.7 The commissioner may amend, alter, suspend, or revoke any permit issued pursuant to Section 18427.4.
- § 18427.8 Whenever an industrial loan company applies for a permit to issue any security or to deliver any other consideration (whether or not such security or such…
- § 18427.9 There shall be exempted from the provisions of Section 18427.1 all of the following: (a) (1) Any offer, not involving a public offering, to an affiliate or to…
- § 18427.10 Nothing contained in this article shall affect the Corporate Securities Law of 1968, Division 1 (commencing with Section 25000) of Title 4 of the Corporations…
- § 18427.11 The commissioner may by regulation or order restrict, limit, prohibit or otherwise condition the uses of the proceeds from the sale of securities, the extent…