California § 25504. 25504. (Repealed and added by Stats. 1968, Ch. 88.)

California Statutes

§ 25504. — 25504. (Repealed and added by Stats. 1968, Ch. 88.)

California § 25504.

JurisdictionCalifornia

Code CORPCorporations Code - CORP

Div.1.

Title 4.DIVISION 1. CORPORATE SECURITIES LAW OF 1968

Part 6.PART 6. ENFORCEMENT

Ch. 1.CHAPTER 1. Civil Liability

This text of California § 25504. (25504. (Repealed and added by Stats. 1968, Ch. 88.)) 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 § 25504. (2026).

Text

Every person who directly or indirectly controls a person liable under Section 25501 or 25503, every partner in a firm so liable, every principal executive officer or director of a corporation so liable, every person occupying a similar status or performing similar functions, every employee of a person so liable who materially aids in the act or transaction constituting the violation, and every broker-dealer or agent who materially aids in the act or transaction constituting the violation, are also liable jointly and severally with and to the same extent as such person, unless the other person who is so liable had no knowledge of or reasonable grounds to believe in the existence of the facts by reason of which the liability is alleged to exist.

Free access — add to your briefcase to read the full text and ask questions with AI

Every person who directly or indirectly controls a person liable under Section 25501 or 25503, every partner in a firm so liable, every principal executive officer or director of a corporation so liable, every person occupying a similar status or performing similar functions, every employee of a person so liable who materially aids in the act or transaction constituting the violation, and every broker-dealer or agent who materially aids in the act or transaction constituting the violation, are also liable jointly and severally with and to the same extent as such person, unless the other person who is so liable had no knowledge of or reasonable grounds to believe in the existence of the facts by reason of which the liability is alleged to exist.