Cal. Code Regs. tit. 10 § 260.102.15

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

Section 260.102.15 - Distribution Under Securities and Exchange Commission Rule 144A

Paragraph (3) of Section 25102(f) 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 paragraph (3) of Section 25102(f) 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, § 260.102.15

1. New section filed 3-1-93; operative 3-31-93 (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(f), Corporations Code.

1. New section filed 3-1-93; operative 3-31-93 (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).