California Code of Regulations
Title 10 - Investment
Chapter 3 - Commissioner of Financial Protection and Innovation
Subchapter 2.3 - Capital Access Companies
Article 9 - Legend Requirement
Section 280.500 - Legend Requirement

Universal Citation: 10 CA Code of Regs 280.500
Current through Register 2024 Notice Reg. No. 38, September 20, 2024

The certificates representing all securities of the capital access company sold to "accredited investors" for the purposes of providing capital to small business firms shall bear on their face a legend prominently stamped or printed thereon and in capital letters of not less than 10 point size, reading as follows:

"THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE NOT REDEEMABLE AND MAY BE TRANSFERRABLE ONLY TO ACCREDITED INVESTORS AS DEFINED IN SECTION 28031 OF THE CORPORATIONS CODE."

1. New article 9 (section 280.500) and section filed 6-24-99; operative 7-1-99 pursuant to Government Code section 11343.4(d) (Register 99, No. 26).

Note: Authority cited: Section 25951, Corporations Code. Reference: Sections 28200(b) and (d) and 28031, Corporations Code.

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