California Corporations Code PART 1 - DEFINITIONS

• Section 25000.
  This division may be known as the “Corporate Securities Law of 1968.”References herein to “this law” refer to the applicable provisions of this division.(Repealed and...
• Section 25001.
  Unless the context otherwise requires, the definitions in this part apply throughout this division.(Repealed and added by Stats. 1968, Ch. 88.)
• Section 25002.
  “Advertisement” means any written or printed communication or any communication by means of recorded telephone messages or spoken on radio, television, or similar communications media,...
• Section 25003.
  (a) “Agent” means any individual, other than a broker-dealer or a partner of a licensed broker-dealer, who represents a broker-dealer or who for compensation represents an...
• Section 25003.5.
  “Business days” are all days other than every Saturday, every Sunday, and such other days as are specified or provided for as holidays in the...
• Section 25004.
  (a) “Broker-dealer” means any person engaged in the business of effecting transactions in securities in this state for the account of others or for his own...
• Section 25005.
  “Commissioner” means the Commissioner of Business Oversight.(Amended by Stats. 2013, Ch. 352, Sec. 59. (AB 1317) Effective September 26, 2013. Operative July 1, 2013, by...
• Section 25005.1.
  “Entity conversion transaction” means a conversion pursuant to Section 1151, 1157, 15911.02, 15911.08, 16902, 16908, 17710.02, or 17710.08 or a conversion that occurs entirely out...
• Section 25006.
  “Fraud,” “deceit,” and “defraud” are not limited to common law fraud or deceit.(Repealed and added by Stats. 1968, Ch. 88.)
• Section 25007.
  “Guaranteed” means guaranteed as to payment of principal, interest, dividends, or call premium.(Repealed and added by Stats. 1968, Ch. 88.)
• Section 25008.
  (a) An offer or sale of a security is made in this state when an offer to sell is made in this state, or an offer...
• Section 25009.
  (a) “Investment adviser” means any person who, for compensation, engages in the business of advising others, either directly or through publications or writings, as to the...
• Section 25009.1.
  “Investment adviser” does not include persons excepted from the definition of “investment adviser” by Section 202(a)(11) of the Investment Advisers Act of 1940 (15 U.S.C....
• Section 25009.5.
  (a) “Investment adviser representative” or “associated person of an investment adviser” means any partner, officer, director of (or a person occupying a similar status or performing...
• Section 25010.
  “Issuer” means any person who issues or proposes to issue any security, except that:(a) With respect to certificates of deposit, voting trust certificates or collateral-trust certificates,...
• Section 25011.
  “Nonissuer transaction” means any transaction not directly or indirectly for the benefit of the issuer. A transaction is indirectly for the benefit of the issuer...
• Section 25012.
  “Owners’ association” means a nonprofit corporation or association created to own or lease the commonly owned lots, parcels or areas referred to in clause (a)...
• Section 25013.
  “Person” means an individual, a corporation, a partnership, a limited liability company, a joint venture, an association, a joint stock company, a trust, an unincorporated...
• Section 25014.
  “Publish” means publicly to issue or circulate by newspaper, mail, radio or television, or otherwise to disseminate to the public.(Repealed and added by Stats. 1968,...
• Section 25014.5.
  “Rollup participant” means a finite-life limited partnership.(a) Except as provided in subdivision (b) of Section 25014.6, a limited partnership has “finite-life” if both of the following...
• Section 25014.6.
  “Rollup transaction” means any transaction or series of transactions that directly or indirectly through acquisition or otherwise involves the combination or reorganization of one or...
• Section 25014.7.
  (a) “Eligible rollup transaction” means a rollup transaction in which the new securities issued are listed or approved for listing on a national securities exchange which...
• Section 25015.
  “Real estate development” means a development (a) which consists or will consist of separately owned lots, parcels or areas with either or both of the...
• Section 25016.
  “Rule” means any published regulation or standard of general application issued by the commissioner. “Order” means a consent, authorization, approval, permit, or requirement applicable to...
• Section 25017.
  (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”...
• Section 25018.
  “Securities Act of 1933,” “Securities Exchange Act of 1934,” “Investment Advisers Act of 1940,” and “Investment Company Act of 1940” mean the federal statutes of...
• Section 25019.
  “Security” means any note; stock; treasury stock; membership in an incorporated or unincorporated association; bond; debenture; evidence of indebtedness; certificate of interest or participation in...
• Section 25020.
  “State” means any state, territory, or possession of the United States, the District of Columbia and Puerto Rico.(Added by Stats. 1968, Ch. 88.)
• Section 25021.
  “Subdivided lands” and “subdivision” have the meanings prescribed in Sections 11000, 11004.5, and 11218 of the Business and Professions Code.(Amended by Stats. 2004, Ch. 697,...
• Section 25022.
  “Underwriter” means a person who has agreed with an issuer or other person on whose behalf a distribution is to be made (a) to purchase...
• Section 25023.
  (a) Except as provided in subdivision (b), “viatical settlement contract” means an agreement as defined in paragraph (1) of subdivision (a) of Section 10113.1 of the...

Last modified: October 22, 2018