California § 10008.5. 10008.5. (Added by Stats. 1989, Ch. 1116, Sec. 1.)

California Statutes

§ 10008.5. — 10008.5. (Added by Stats. 1989, Ch. 1116, Sec. 1.)

California § 10008.5.

JurisdictionCalifornia

Code BPCBusiness and Professions Code - BPC

Div. 4.DIVISION 4. REAL ESTATE

Part 1.PART 1. LICENSING OF PERSONS

Ch. 1.CHAPTER 1. General Provisions

This text of California § 10008.5. (10008.5. (Added by Stats. 1989, Ch. 1116, Sec. 1.)) 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. Business and Professions Code - BPC Code § 10008.5. (2026).

Text

Solely with regard to any transaction involving the sale, lease, or exchange of a business opportunity occurring before, on, or after the effective date of this section, this division shall not apply to any person licensed at the time of the transaction as a securities broker or securities dealer under any law of this state or of the United States, or by any employee, officer, or agent of that person while acting under the direction of, and within the scope of, his or her employment with that person in connection with the transaction.
As used in this section, “any transaction involving the sale, lease, or exchange of a business opportunity” does not include any of the acts described in Section 10131 or Section 10131.2 if the substance of the transaction is to transfer, sell, lease, or exch

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Solely with regard to any transaction involving the sale, lease, or exchange of a business opportunity occurring before, on, or after the effective date of this section, this division shall not apply to any person licensed at the time of the transaction as a securities broker or securities dealer under any law of this state or of the United States, or by any employee, officer, or agent of that person while acting under the direction of, and within the scope of, his or her employment with that person in connection with the transaction.
As used in this section, “any transaction involving the sale, lease, or exchange of a business opportunity” does not include any of the acts described in Section 10131 or Section 10131.2 if the substance of the transaction is to transfer, sell, lease, or exchange an interest in real property for the purpose of evading this part.