California Code of Regulations
Title 10 - Investment
Chapter 3 - Commissioner of Financial Protection and Innovation
Subchapter 2 - Corporate Securities
Article 2 - Exemptions from Qualification
Section 260.102.10.1 - Distribution Under Securities and Exchange Commission Rule 144A

Universal Citation: 10 CA Code of Regs 260.102.10.1
Current through Register 2024 Notice Reg. No. 38, September 20, 2024

Section 25102 (i) 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 Section 25102(i) 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.

1. New section filed 3-1-93; operative 3-31-93 pursuant to Government Code section 11343.4(d) (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(i), Corporations Code.

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