Section 25148.

Cal. Corporations Code - CORP § 25148.
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
Except in cases where the delivery of a prospectus or proxy statement is required under the Securities Act of 1933 or the Securities Exchange Act of 1934, the commissioner may by rule or order require as a condition of qualification under Section 25112, 25113, 25122 or 25131 that a prospectus or proxy statement containing any designated part of the information required in the application be given to each person to whom an offer is made before the sale of the security to be issued under the permit or order.

References

referencesCal. Corporations Code - CORP § 25112.
referencesCal. Corporations Code - CORP § 25113.
referencesCal. Corporations Code - CORP § 25122.
referencesCal. Corporations Code - CORP § 25131.
Source: CA Legislative Counsel Bulk DataURL: https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zipFetched: 6/27/2026

Starting a business in California? California LLC guide: costs and requirements