California Corporations Code

§ 25300

CORP § 25300 Effective Jan 1, 2020Div. 1 · Title 4 · Part 4

Statute text

(a)No person shall publish any advertisement in this state concerning any security sold or offered for sale in this state unless a true copy of the advertisement has first been filed in the office of the commissioner at least three business days prior to the publication or a shorter period as the commissioner may by rule or order allow.

(b)Subdivision (a) of this section does not apply to:

(1)Any advertisement for any security published by a licensed broker-dealer if the broker-dealer is not effecting transactions in that security as an underwriter or other participant in a distribution for the issuer;

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Legislative history

Amended by Stats. 2019, Ch. 143, Sec. 49. (SB 251) Effective January 1, 2020.