§ 25105 Commissioner Exemption Authority

Corporations Code·California

AI SummaryVerified

This law lets the commissioner decide that some transactions don't need to follow certain rules if they're not important for protecting the public or investors.

Key Takeaways

•The commissioner can make exceptions to some rules.
•Exceptions are made if the transaction isn't risky for the public or investors.
•This is to make things easier when the usual rules aren't needed.

Example

A small local business wants to sell shares to a few family members to raise money.

The commissioner might say this sale doesn't need to follow all the usual rules because it's small and only involves family, so it's not risky for the public or investors.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 25105 Commissioner Exemption Authority

There shall be exempted from the provisions of Section 25110, 25120 or 25130 any other transaction which the commissioner by rule exempts as not being comprehended within the purposes of this law and the qualification of which he finds is not necessary or appropriate in the public interest or for the protection of investors. (Added by Stats. 1968, Ch. 88.)

Last verified: January 10, 2026

Key Terms

exempted commissioner qualification public interest protection of investors

References

Official text at leginfo.legislature.ca.gov
California Legislature. Corporations Code. Section 25105.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References