California Statutes
§ 25401. — 25401. (Amended by Stats. 2015, Ch. 190, Sec. 19.)
California § 25401.
JurisdictionCalifornia
Code CORPCorporations Code - CORP
Div.1.
Title 4.DIVISION 1. CORPORATE SECURITIES LAW OF 1968
Part 5.PART 5. FRAUDULENT AND PROHIBITED PRACTICES
This text of California § 25401. (25401. (Amended by Stats. 2015, Ch. 190, Sec. 19.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Cal. Corporations Code - CORP Code § 25401. (2026).
Text
It is unlawful for any person to offer or sell a security in this state, or to buy or offer to buy a security in this state, by means of any written or oral communication that includes an untrue statement of a material fact or omits to state a material fact necessary to make the statements made, in the light of the circumstances under which the statements were made, not misleading.
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Legislative History
Amended by Stats. 2015, Ch. 190, Sec. 19. (AB 1517) Effective January 1, 2016.
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