§ 5955
58 words·~1 min read·
/ca/government-code/5955A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The obtaining of local agency consent to an offer or sale of a security under Section 5951 shall not obviate the necessity of qualification of the offer or sale of such security under Division 1 (commencing with Section 25000) of Title 4 of the Corporations Code, unless the security or transaction is exempt from qualification under such law.