California Code of Regulations
Title 10 - Investment
Chapter 3 - Commissioner of Financial Protection and Innovation
Subchapter 2 - Corporate Securities
Article 4 - Standards for the Exercise of the Commissioner's Authority
Subarticle 10 - Real Estate Programs
Disclosure and Marketing Requirements
Section 260.140.117.3 - Contents of Prospectus

The prospectus shall meet the requirements of Guide 5 of the Securities and Exchange Commission. Foreign limited partnerships shall make additional disclosures as required by Section 260.140.116.2(c), if applicable. The description of the method for allocating the acquisition of properties by two or more programs of the same sponsor shall meet the requirements of Section 260.140.115.6. The prospectus shall contain a full description of the terms, consequences, and risks to participants and the program of any mandatory deferred payments. The Commissioner may require additional disclosure if, in the Commissioner's opinion, specific facts concerning the offering require it.

1. Amendment of subsection (k) filed 3-12-74; effective thirtieth day thereafter (Register 74, No. 11).
2. Amendment filed 1-27-84; effective thirtieth day thereafter (Register 84, No. 4).
3. Amendment filed 5-18-92; operative 6-17-92 (Register 92, No. 22).

Note: Authority cited: Section 25610, Corporations Code. Reference: Section 25140, Corporations Code.