Cal. Code Regs. tit. 10 § 260.102.10.1

Current through Register 2024 Notice Reg. No. 45, November 8, 2024

Section 260.102.10.1 - Distribution Under Securities and Exchange Commission Rule 144A

Section 25102 (i) of the Code requires that each purchaser represent that the purchaser is purchasing for the purchaser's own account (or a trust account if the purchaser is a trustee) and not with a view to or for sale in connection with any distribution of the security. For purposes of Section 25102(i) of the Code, an offer to resell or a resale made under Section 260.105.13.1 will not be viewed as inconsistent with such purchaser representation.

Cal. Code Regs. Tit. 10, § 260.102.10.1

1. New section filed 3-1-93; operative 3-31-93 pursuant to Government Code section 11343.4(d) (Register 93, No. 10).
2. Amendment filed 2-22-96; operative 2-22-96 pursuant to Government Code section 11343.4(d) (Register 96, No. 8).

Note: Authority cited: Section 25610, Corporations Code. Reference: Section 25102(i), Corporations Code.

1. New section filed 3-1-93; operative 3-31-93 pursuant to Government Code section 11343.4(d) (Register 93, No. 10).
2. Amendment filed 2-22-96; operative 2-22-96 pursuant to Government Code section 11343.4(d) (Register 96, No. 8).