California Administrative Code

§ 6649.3. Running Lights--Vessels--When Operating on “Inland Waters”--Fishing Vessels. [Repealed] This database is current through 5/1/26 Register 2026, No. 18. Source: https://govt.westlaw.com/calregs/Document/I70DFFE655B4D11EC976B000D3A7C4BC3?viewType=FullText&originationContex…

There is hereby exempted from the provisions of Section 25110 of the Code as not being comprehended within the purposes of the Corporate Securities Law of 1968 and the qualification of which is not necessary or appropriate in the public interest or for the protection of investors…

There is hereby exempted from the provisions of Section 25110 of the Code as not being comprehended within the purposes of the Corporate Securities Law of 1968 and the qualification of which is not necessary or appropriate in the public interest or for the protection of investors…

§ 1775. Provider Utilization Control. [Repealed] This database is current through 5/1/26 Register 2026, No. 18. Source: https://govt.westlaw.com/calregs/Document/I4764C2034C6B11EC93A8000D3A7C4BC3?viewType=FullText&originationContext=documenttoc&transitionType=CategoryPageItem&con…

An application for the qualification of the offer and sale of securities by permit pursuant to Section 25113 of the Code shall, in addition to the facing page required by Section 260.110 of these rules and items 8 through 10 and 12 through 18 specified in Section 260.112 of these…

(a) General. For the purpose of Section 25113(b)(2)(E) of the Code, the offering shall be made pursuant to a Small Corporate Offering Registration Form (Form U-7), as adopted by the North American Securities Administrators Association, Inc. (NASAA) on April 29, 1989, and pursuant…

§ 1931.4. Supplementary Notice. [Repealed] This database is current through 5/1/26 Register 2026, No. 18. Source: https://govt.westlaw.com/calregs/Document/I543966295B4D11EC976B000D3A7C4BC3?viewType=FullText&originationContext=documenttoc&transitionType=CategoryPageItem&contextDa…

(a) If a limited offering qualification is approved pursuant to a condition imposed by the Commissioner, or a representation by the applicant, confining the sale of securities under the qualification to persons meeting specified standards of experience, financial responsibility, …

(a) This article establishes an annual fee for the purpose of recovering the Department's and OEHHA's costs to implement sections 25150.84, 25150.87, and 41514.6 of the Health and Safety Code. (b) Nothing in this article is a limitation on the authority of any other governmental …

The declaration of trust shall provide that, unless at least 80% of the trust's tangible assets are comprised of first mortgage loans, the trust may not incur any indebtedness which would result in an aggregate amount of indebtedness in excess of 300% of the adjusted net worth, a…

All real property acquisitions must be supported by an appraisal. Any appraisal obtained, whether or not required by these Rules, shall be maintained in the sponsor's records for at least 5 years.

(a) Except as provided herein, payments by the program for acquisition expenses are subject to Section 260.140.114.5. (b) The sponsor may be reimbursed for the actual cost of acquisition expenses consisting of goods or services provided to the program by persons who are unaffilia…

Each LESS shall include: (a) An assessment of the needs within the region for client housing. (b) A summary of the existing resources available within the region to meet the needs identified pursuant to subsection (a). To the extent practical, the summary shall identify each exis…

§ 515. General Hospital. [Repealed] This database is current through 5/1/26 Register 2026, No. 18. Source: https://govt.westlaw.com/calregs/Document/I3DDCB9934C6B11EC93A8000D3A7C4BC3?viewType=FullText&originationContext=documenttoc&transitionType=CategoryPageItem&contextData=(sc.…

The method for allocating the acquisition of properties among two or more programs of the same sponsor seeking to acquire similar types of properties shall be reasonable. The method shall be described in the prospectus.

§ 536. Waivers and Exceptions. [Repealed] This database is current through 5/1/26 Register 2026, No. 18. Source: https://govt.westlaw.com/calregs/Document/I3E5EE1E34C6B11EC93A8000D3A7C4BC3?viewType=FullText&originationContext=documenttoc&transitionType=CategoryPageItem&contextDat…

(a) No rebates or give-ups may be received by the sponsor nor may the sponsor participate in any reciprocal business arrangements which would circumvent these Rules. Furthermore the prospectus and program agreement shall contain language prohibiting the above as well as language …

The funds of a program shall not be commingled with the funds of any other person. Nothing contained in this Rule shall prohibit a sponsor from establishing a master fiduciary account pursuant to which separate subtrust accounts are established for the benefit of affiliated limit…

Restrictions on assignment of program interests or on the substitution of a limited partner are generally disfavored and such restrictions will be allowed only if they are intended to preserve the tax status of the partnership or the characterization or treatment of income or los…

(a) Assessments will not be allowed for non-specified programs. In the case of specified programs, assessments shall be permitted only when specific circumstances demonstrate a need. If the anticipated cash flow from property (after payment of debt service and all operating expen…

(a) If the Board schedules an item to consider initiating a duly noticed hearing to adopt or modify the pilotage tariff under this article on its own motion, then the notice of the item shall be considered a notice of intent to petition under Harbors and Navigation Code Section 1…

The partnership agreement shall require that the sponsor file with the Commissioner, concurrently with their transmittal to participants, a copy of each report made pursuant to Section 260.140.128.3 of these rules.

In view of the limited transferability, the relative lack of liquidity, the high risk of loss or the specific tax orientation of many oil and gas programs, suitability standards which are reasonably related to the risks to be undertaken, will be required for the participants, and…

§ 2606. Penalties and Interest Charges. [Repealed] This database is current through 5/1/26 Register 2026, No. 18. Source: https://govt.westlaw.com/calregs/Document/I5965DCA75B4D11EC976B000D3A7C4BC3?viewType=FullText&originationContext=documenttoc&transitionType=CategoryPageItem&c…

The sponsor shall maintain for a period of at least four years a record of the information obtained to indicate that a participant meets the suitability standards established in connection with the offer and sale of the program units. In addition, he must obtain a representation …

(a) Neither the sponsor nor any affiliate shall enter into any farm-out or other agreement with the oil program where in consideration for services to be rendered, an interest in production is payable to such sponsor or affiliate. (b) During the existence of a program and before …

§ 958.2. Fire Plan Contents. [Repealed] This database is current through 5/1/26 Register 2026, No. 18. Source: https://govt.westlaw.com/calregs/Document/I39EE4A1A5B4D11EC976B000D3A7C4BC3?viewType=FullText&originationContext=documenttoc&transitionType=CategoryPageItem&contextData=…

(a) Ordinarily, the program may not be mandatorily obligated to redeem or repurchase any of the units of the program, although the program need not be precluded from purchasing such outstanding units if the purchase does not impair the capital or the operations of the program. No…

(a) In appropriate cases there may be a provision for assessment; provided, however, that the maximum amount which may be assessed for a voluntary assessment shall not exceed 100% of the initial subscription and for a mandatory assessment shall not exceed 25% of the initial subsc…

The Commissioner may approve any offering on a basis other than that permitted in these rules, if the class of investors is sufficiently limited. The Commissioner will take into consideration in reviewing such restricted or limited offerings, among other things, the identity of t…

§ 7707.1. Refusal to Issue. [Repealed] This database is current through 5/1/26 Register 2026, No. 18. Source: https://govt.westlaw.com/calregs/Document/I72ACA8135B4D11EC976B000D3A7C4BC3?viewType=FullText&originationContext=documenttoc&transitionType=CategoryPageItem&contextData=(…

Except as otherwise provided in this subarticle, a security will not be qualified for nonissuer transactions pursuant to Section 25130 of the Code unless it appears (i) that full, complete and accurate information is provided upon all matters required to be stated in the applicat…

No promotional shares, as defined in Section 260.140.30 of these rules, shall be issued in connection with the sale of securities of an investment company.

§ 7014. Extended Evaluation. [Repealed] This database is current through 5/1/26 Register 2026, No. 18. Source: https://govt.westlaw.com/calregs/Document/I443C93D0B66B11ED89F2E3F6FB425577?viewType=FullText&originationContext=documenttoc&transitionType=CategoryPageItem&contextData=…

§ 1060. Inmate Work Assignment Plan. [Repealed] This database is current through 5/1/26 Register 2026, No. 18. Source: https://govt.westlaw.com/calregs/Document/I48DA14A070FA11EDB1E3AA94BCED0C62?viewType=FullText&originationContext=documenttoc&transitionType=CategoryPageItem&cont…

“Promotional shares” means any securities which are (a) issued in consideration for services rendered in connection with the founding or organizing of a business enterprise, or (b) issued to a promoter in consideration for any tangible or intangible property, such as patents, cop…

Promotional shares shall be equity securities without preference as to dividends, assets, or voting rights and shall have no greater rights per share than the securities issued for cash or its equivalent. Normally promotional shares should be subject to the waivers of dividends a…

Not Subject to Article 5.8 Excluded Tier Enforcement Agency Notification Tier Standardized Tier Stockpiling as Specified in Section 17376(b)(2) Transfer/Processing as Specified in Section 17377.1 Transfer/Processing Operations as Specified in Section 17377.2 Disposal/Monofill as …

A plan of reorganization contemplating the combination of two or more businesses by way of merger or consolidation (including a sale of assets in exchange wholly or in part for securities of the purchasing corporation) should provide for the issuance of securities which fairly re…

A hearing pursuant to Sections 250.17-250.25 of these rules may be ordered by the Commissioner in unusual circumstances in connection with an application for a permit to sell securities in any recapitalization or reorganization, and such a hearing will be held upon the request of…

Securities should be nonassessable, except that issuers organized solely to supply services or property to their members on a continuing basis may provide for an equitable assessment corresponding to the services or property supplied.

An application for the issuance of securities in a stock dividend or stock split (which is not exempt from qualification by subdivision (f) of Section 25017 or subdivision (f) of Section 25103 of the Code) will normally be approved unless as a result thereof the relative voting p…

§ 2722. Reporting. [Repealed] This database is current through 5/1/26 Register 2026, No. 18. Source: https://govt.westlaw.com/calregs/Document/I5ADB17885B4D11EC976B000D3A7C4BC3?viewType=FullText&originationContext=documenttoc&transitionType=CategoryPageItem&contextData=(sc.Defaul…

An application for qualification by permit of the offer and sale of securities proposed to be issued by a mutual water company must contain the information required by Sections 260.110 and 260.113 of the Commissioner's Rules. In addition, the following information must be filed a…

The engineer's report filed with the application shall contain all relevant information pertaining to the proposed water supply distribution and fire protection system including, but not limited to, the following: (a) A system map of the area to be served showing: (1) The total a…

(a) The offering shall be accompanied by a disclosure document in the form and containing the information required by the Offering Circular provisions of the Statement of Policy Regarding Church Bonds of the North American Securities Administrators Association, adopted April 14, …

§ 7180. Purpose. [Repealed] This database is current through 5/1/26 Register 2026, No. 18. Source: https://govt.westlaw.com/calregs/Document/I56357B834C6B11EC93A8000D3A7C4BC3?viewType=FullText&originationContext=documenttoc&transitionType=CategoryPageItem&contextData=(sc.Default)

(a) No open qualifications will be approved to issue securities if the transfer of the securities is subject to any restrictions imposed by the issuer's charter documents, indenture agreements or other instruments or agreements under which the securities are to be issued. (b) Lim…

Notwithstanding Rules 260.140.80 and 260.140.83, the offer and sale of shares in a contractual periodic payment plan (the “plan”) whereby more than a pro rata portion of the load or commission is deducted from any installment payment may be qualified, provided that the offer and …

§ 100.30. Forms. [Repealed] This database is current through 5/1/26 Register 2026, No. 18. Source: https://govt.westlaw.com/calregs/Document/I506C82535A1E11EC8227000D3A7C4BC3?viewType=FullText&originationContext=documenttoc&transitionType=CategoryPageItem&contextData=(sc.Default)