§ 25115 Issuer Transaction Verification Requirements
This law says any request to get a transaction approved must be signed by the right person – the company itself for its own deals, or the person making the deal (or the company for them) for other deals.
A tech company wants to issue new shares and fills out the approval form; the company's CEO signs it. A broker wants to sell shares for a client and fills out the same form; the broker signs it, or the tech company can sign for the broker.
The company’s CEO signs because it’s the company’s own transaction. The broker signs because it’s a non‑company transaction, but the company could also sign on the broker’s behalf.
AI-generated — May contain errors. Not legal advice. Always verify source.
§ 25115 Issuer Transaction Verification Requirements
Last verified: January 10, 2026