California Financial Code CHAPTER 6 - Securities

• Section 1200.
  Unless the context otherwise requires, in this chapter:(a) “Offer” or “offer to sell” includes every attempt or offer to dispose of, or solicitation of an offer...
• Section 1201.
  No bank organized under the laws of this state shall offer or sell any security issued by it unless the commissioner has issued a permit...
• Section 1202.
  The following transactions are exempt from Section 1201:(a) (1) Any offer (but not a sale) not involving a public offering by a bank organized under the laws...
• Section 1203.
  An application for a permit shall be in such form and contain such information as the commissioner may prescribe.(Added by Stats. 2011, Ch. 243, Sec....
• Section 1204.
  The commissioner shall charge and collect fees for applications filed under this chapter as fixed in this section.(a) The fee for a negotiating permit shall be...
• Section 1205.
  If the commissioner finds that the proposed sale of securities is fair, just, and equitable, he or she shall issue to the applicant a permit...
• Section 1206.
  The commissioner may impose conditions in any permit issued under Section 1205, requiring the deposit in escrow of securities, imposing a legend condition restricting the...
• Section 1207.
  Every permit issued pursuant to Section 1205 shall recite that it is permissive only and does not constitute a recommendation or endorsement of the securities...
• Section 1208.
  The commissioner may amend, alter, suspend, or revoke any permit issued pursuant to Section 1205.(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective...
• Section 1209.
  Whenever a bank applies for a permit to issue any security or to deliver any other consideration (whether or not such security or such transaction...
• Section 1210.
  There shall be exempted from the provisions of Section 1201 any transaction or security, including, without limitation, any type or class of transactions or securities,...
• Section 1211.
  A bank at any time may, with the approval of its board, issue, sell or hypothecate its capital notes or debentures which may be payable...
• Section 1212.
  Nothing contained in this chapter shall affect the Corporate Securities Law of 1968, Division 1 (commencing with Section 25000) of Title 4 of the Corporations...

Last modified: October 22, 2018