Corp. Code, § 25110 · Chapter 2. Issuer Transactions
Corp. Code, § 25110
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
It is unlawful for any person to offer or sell in this state any security in an issuer transaction (other than in a transaction subject to Section 25120), whether or not by or through underwriters, unless such sale has been qualified under Section 25111, 25112 or 25113 (and no order under Section 25140 or subdivision (a) of Section 25143 is in effect with respect to such qualification) or unless such security or transaction is exempted or not subject to qualification under Chapter 1 (commencing with Section 25100) of this part. The offer or sale of such a security in a manner that varies or differs from, exceeds the scope of, or fails to conform with either a material term or material condition of qualification of the offering as set forth in the permit or qualification order, or a material representation as to the manner of offering which is set forth in the application for qualification, shall be an unqualified offer or sale.
Notes and commentary — not statutory text
History
Amended by Stats. 1997, Ch. 391, Sec. 10. Effective January 1, 1998.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CORP§ionNum=25110.
- Text hash
- sha256 9cf0053940cd3de873f617b7b63b754f24a40b2540182f163e1ea48a0f828e56
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Corporations Code
- Corp. Code, tit. 4, div. 1, pt. 2, ch. 1Exemptions and Certain Securities and Transactions Not Subject to QualificationPrinted as Chapter 1 (commencing with Section 25100) of this part
- Corp. Code, § 25111Printed as Section 25111, 25112 or 25113
- Corp. Code, § 25112Printed as Section 25111, 25112 or 25113
- Corp. Code, § 25113Printed as Section 25111, 25112 or 25113
- Corp. Code, § 25120Printed as Section 25120
- Corp. Code, § 25140Printed as Section 25140
- Corp. Code, § 25143Printed as Section 25143
Cited by 24 provisions
Provisions in this library whose text cites Corp. Code, § 25110. Each shows the citation as that text prints it.
Business and Professions Code
Civil Code
- Civ. Code, § 1917.068Printed as Sections 25110, 25120, and 25130 of the Corporations Code
- Civ. Code, § 1917.168Printed as Sections 25110, 25120, and 25130 of the Corporations Code
- Civ. Code, § 1917.617Printed as Sections 25110, 25120, and 25130 of the Corporations Code
- Civ. Code, § 2958Printed as Section 25110 of the Corporations Code
Corporations Code
- Corp. Code, § 25014.7Printed as Section 25110
- Corp. Code, § 25100Printed as Sections 25110, 25120, and 25130
- Corp. Code, § 25100.1Printed as Sections 25110, 25120, and 25130
- Corp. Code, § 25101.1Printed as Sections 25110, 25120, and 25130
- Corp. Code, § 25102Printed as Section 25110 | Section 25110 or 25130
- Corp. Code, § 25102.1Printed as Sections 25110, 25120, and 25130
- Corp. Code, § 25102.5Printed as Section 25110
- Corp. Code, § 25103Printed as Section 25110 | Section 25110 or 25120
- Corp. Code, § 25105Printed as Section 25110, 25120 or 25130
- Corp. Code, § 25151Printed as Section 25110, 25120, or 25130
- Corp. Code, § 25503Printed as Section 25110, 25120 or 25130 | Section 25110, 25130, or 25133
- Corp. Code, § 25504.1Printed as Section 25110, 25120, 25130, 25133, or 25401
- Corp. Code, § 25530.1Printed as Section 25110
- Corp. Code, § 25534Printed as Section 25110, 25120, or 25130
- Corp. Code, § 25607Printed as Sections 25110, 25120, and 25130
- Corp. Code, § 25612.5Printed as Sections 25100.1, 25101.1, 25102, 25102.1, 25110, 25120, 25130, and 25230.1
Government Code
Welfare and Institutions Code
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.