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California Corporations Code Section 25102.1

Legal Research Home > California Laws > Corporations Code > California Corporations Code Section 25102.1

25102.1.  The following transactions are not subject to Sections
25110, 25120, and 25130:
   (a) Any offer or sale of a security to a "qualified purchaser" as
that term is defined by rule of the Securities and Exchange
Commission pursuant to Section 18(b)(3) of the Securities Act of 1933
(15 U.S.C. 77r), if all of the following requirements are met:
   (1) A notice is filed with the commissioner prior to an offer in
this state, along with any documents filed with the Securities and
Exchange Commission in annual or periodic reports that the
commissioner by rule or order deems appropriate.
   (2) A consent to service of process under Section 25165 is filed
with the notice required by paragraph (1).
   (3) Payment of a notice filing fee provided for in subdivision (b)
of Section 25608.1.
   (b) Any offer and sale of a security with respect to a transaction
that is exempt from registration under Section 4(4) of the
Securities Act of 1933 pursuant to Section 18(b)(4)(B) of that act.
   (c) Any offer or sale of a security with respect to a transaction
that is exempt from registration under the Securities Act of 1933
pursuant to Section 18(b)(4)(C) of that act.
   (d) Any offer or sale of a security with respect to a transaction
that is exempt from registration under the Securities Act of 1933
pursuant to Section 18(b)(4)(E) of that act, if all of the following
requirements are met:
   (1) A notice in the form of a copy of the completed Form D (17
C.F.R. 239.500) filed with the Securities and Exchange Commission is
filed with the commissioner within 15 days of the first sale in this
state, along with documents filed with the Securities and Exchange
Commission in annual or periodic reports that the commissioner by
rule or order deems appropriate. The commissioner may allow for a
notice in the form of the electronic transmission of the information
in Form D.
   (2) A consent to service of process under Section 25165 is filed
with the notice as required by paragraph (1).
   (3) Payment of the notice filing fee provided for in subdivision
(c) of Section 25608.1 is made.
   (e) Notwithstanding the language of subdivisions (a), (b), (c),
and (d) of this section, an issuer may file an application for
qualification pursuant to Section 25111, 25112, 25113, 25121, 25131,
or 25142.
Section: Previous  25100  25100.1  25101  25101.1  25102  25102.1  25102.2  25102.5  25103  25104  25105  Next

Last modified: March 17, 2014