Cal. Code Regs. tit. 10 § 260.102.3

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

Section 260.102.3 - Evidence of Indebtedness

The term "evidence of indebtedness' as used in subdivision (e) in Section 25102 of the Code does not include a debt security which is convertible into an equity security unless such debt security is convertible into an equity security of the same issuer and the offer and sale of such equity security would be exempt from the provisions of Section 25110 of the Code by any provision other than Section 25102(h) of the Code.

Cal. Code Regs. Tit. 10, § 260.102.3

1. Amendment filed 7-13-70; effective thirtieth day thereafter (Register 70, No. 29).
2. Editorial correction of NOTE filed 3-9-83 (Register 83, No. 11).

Note: Authority cited: Sections 25105 and 25610, Corporations Code. Reference: Sections 25017 and 25102, Corporations Code.

1. Amendment filed 7-13-70; effective thirtieth day thereafter (Register 70, No. 29).
2. Editorial correction of NOTE filed 3-9-83 (Register 83, No. 11).