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 12 - Nonissuer Qualifications
Section 260.140.139 - Failure to Furnish Information
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
Failure to supply information with the application which is sought to be excused under the provisions of subdivision (d) of Section 25131 of the Code shall be supported by an affidavit. The affidavit shall be executed by the applicant and by each person on whose behalf the distribution is to be made and shall include, as to each deficiency:
(a) A statement that the information is unknown to such person (and, if a corporation or partnership, to all officers, directors and partners thereof);
(b) A statement of all efforts made to obtain such information and the reasons ascribed to their failure; and
(c) A statement in reasonable detail as to the reasons why further efforts to obtain such information should be deemed to involve unreasonable effort or expense.
1. Editorial correction adding NOTE filed 3-9-83 (Register 83, No. 11).
Note: Authority cited: Section 25610, Corporations Code. Reference: Sections 25131 and 25140, Corporations Code.
