California Law (Last Updated: March 4, 2014) |
Corporations Code - CORP |
Title 4. SECURITIES |
Division 1. CORPORATE SECURITIES LAW OF 1968 |
Part 3. REGULATION AND NOTICE FILING REQUIREMENTS OF AGENTS, BROKER-DEALERS, INVESTMENT ADVISER REPRESENTATIVES, AND INVESTMENT ADVISERS |
Chapter 2. Licensing of Agents and Broker-Dealers |
Section 25211.5.
Latest version.
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A broker-dealer acting pursuant to a certificate which is then in effect and which is issued pursuant to Section 25211, shall be exempt from the usury provisions of the State Constitution. This section creates and authorizes a class of persons pursuant to Section 1 of Article XV of the Constitution.
(Added by Stats. 1983, Ch. 859, Sec. 2. Effective September 16, 1983.)