Corp. Code, § 25142 · Chapter 5. Authority of the Commissioner
Corp. Code, § 25142
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
When application is made for a permit to issue securities or to deliver other consideration (whether or not the security or transaction is exempt from qualification or not required to be qualified) in exchange for one or more bona fide outstanding securities, claims, or property interests, or partly in such exchange and partly for cash, the commissioner is expressly authorized to approve the terms and conditions of such issuance and exchange or such delivery and exchange and the fairness of such terms and conditions, and is expressly authorized to hold a hearing upon the fairness of such terms and conditions, at which all persons to whom it is proposed to issue securities or to deliver such other consideration in such exchange have the right to appear. The application for a permit to deliver consideration other than securities shall be in such form, contain such information and be accompanied by such documents as shall be required by rule of the commissioner or, in the absence thereof, in substantially the form of an application filed pursuant to Section 25121.
Notes and commentary — not statutory text
History
Amended by Stats. 1977, Ch. 235.
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=25142.
- Text hash
- sha256 b375576924e2412e7e914c9f7326b6882489da3702c67c812ccb8b7c81b47f5a
- 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
Cited by 13 provisions
Provisions in this library whose text cites Corp. Code, § 25142. Each shows the citation as that text prints it.
Corporations Code
- Corp. Code, § 1001Printed as Section 25142 of this code
- Corp. Code, § 7813.5Printed as Section 25142
- Corp. Code, § 8011.5Printed as Section 25142
- Corp. Code, § 8019.1Printed as Section 25142
- Corp. Code, § 12504Printed as Section 25142
- Corp. Code, § 12532Printed as Section 25142
- Corp. Code, § 12540.1Printed as Section 25142
- Corp. Code, § 15911.13Printed as Section 25142
- Corp. Code, § 17710.12Printed as Section 25142
- Corp. Code, § 17710.13Printed as Section 25142
- Corp. Code, § 25102.1Printed as Section 25111, 25112, 25113, 25121, 25131, or 25142
- Corp. Code, § 25164Printed as Section 25142
- Corp. Code, § 25608Printed as Section 25142
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.