§ 25146
80 words·~1 min read·
/ca/corporations-code/25146A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
For a period of 18 months after the qualification is effective, the commissioner may by rule or order require an issuer who has filed an application to file reports not more often than semiannually for the purpose of keeping reasonably current the information contained in the application; provided, that the commissioner may not require the filing of any such report after completion of the offering if a nonissuer transaction in the security would be entitled to exemption under Section 25101.