California Corporations Code

§ 29530

CORP § 29530 Effective Jan 1, 2001Div. 4.5 · Title 4 · Ch. 3

Statute text

(a)The prohibitions in Section 29520 shall not apply to any transaction offered by and in which any of the following persons (or any employee, officer, or director thereof acting solely in that capacity) is the purchaser or seller:

(1)A person registered with the Commodity Futures Trading Commission as a futures commission merchant or as a leverage transaction merchant whose activities require registration.

(2)A person affiliated with, and whose obligations and liabilities under the transaction are guaranteed by, a person referred to in subdivision (a).

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Legislative history

Amended by Stats. 2000, Ch. 705, Sec. 7. Effective January 1, 2001.