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Code · California · Corporations Code

§ 28405

50 words·~1 min read·/ca/corporations-code/28405

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This section creates and authorizes an exempt class of persons pursuant to Section 1 of Article XV of the California Constitution. The restrictions upon rates of interest contained in Section 1 of Article XV of the California Constitution shall not apply to any evidence of indebtedness purchased by any licensee.
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