California Corporations Code

§ 25211.5

CORP § 25211.5 Effective Sep 16, 1983Div. 1 · Title 4 · Part 3 · Ch. 2

Statute text

A broker-dealer acting pursuant to a certificate which is then in effect and which is issued pursuant to Section 25211, shall be exempt from the usury provisions of the State Constitution. This section creates and authorizes a class of persons pursuant to Section 1 of Article XV of the Constitution.

Legislative history

Added by Stats. 1983, Ch. 859, Sec. 2. Effective September 16, 1983.