TITLE 4. SECURITIES 25000-31516›DIVISION 1. CORPORATE SECURITIES LAW OF 1968 25000-25707›PART 2. QUALIFICATION OF AND FILING REQUIREMENTS FOR THE SALE OF SECURITIES 25100-25166›CHAPTER 1. Exemptions and Certain Securities and Transactions Not Subject to Qualification 25100-25105
§ 25101
California Corporations Code · 2020-11 edition · updated 2026-10-04 · California
The following securities are exempt from the provisions of Section 25130:
(a) Any security issued by a person that is the issuer of any security listed on a national securities exchange, if the exchange is certified by rule or order of the commissioner.
(b) The exemption provided by subdivision (a) does not apply to securities offered pursuant to a registration under the Securities Act of 1933 or pursuant to the exemption afforded by Regulation A under that act if the aggregate offering price of the securities offered pursuant to that exemption exceeds fifty thousand dollars ($50,000).
(Amended by Stats. 2009, Ch. 131, Sec. 10. (AB 991) Effective January 1, 2010.)
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