Section 23014.

Cal. Financial Code - FIN § 23014.
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
In any proceeding under this division, the burden of proving an exemption or exception is upon the person claiming it.
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