California Corporations Code

§ 25017

CORP § 25017 Effective Jan 1, 1999Div. 1 · Title 4 · Part 1

Statute text

(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” includes any exchange of securities and any change in the rights, preferences, privileges, or restrictions of or on outstanding securities.

(b)“Offer” or “offer to sell” includes every attempt or offer to dispose of, or solicitation of an offer to buy, a security or interest in a security for value.

(c)Any security given or delivered with, or as a bonus on account of, any purchase of securities or any other thing constitutes a part of the subject of the purchase and is considered to have been offered and sold for value.

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Legislative history

Amended by Stats. 1998, Ch. 48, Sec. 2. Effective January 1, 1999.