California Government Code CHAPTER 13 - Fractional Interest in Local Agency Obligations

• Section 5950.
  As used in this chapter:(a) “Accredited investor” has the meaning specified in Rule 501 of the Securities Act of 1933.(b) “In this state” has the meaning specified...
• Section 5951.
  It is unlawful for any person to offer or sell in an issuer transaction in this state, or otherwise knowingly to offer or sell in...
• Section 5952.
  Any consent granted by a local agency under Section 5951 shall be conclusively evidenced by a resolution of the governing body of the local agency,...
• Section 5953.
  No local agency that consents to an offer or sale of a security that constitutes a fractional interest in a lease, installment sale, or other...
• Section 5954.
  Any person who violates this chapter shall upon conviction be fined not more than ten million dollars ($10,000,000), or imprisoned pursuant to subdivision (h) of...
• Section 5955.
  The obtaining of local agency consent to an offer or sale of a security under Section 5951 shall not obviate the necessity of qualification of...

Last modified: October 22, 2018