Corporations Code section 25211.5

A broker-dealer acting pursuant to a certificate which is then in effect and which is issued pursuant to Section 25211, shall be exempt from the usury provisions of the State Constitution. This section creates and authorizes a class of persons pursuant to Section 1 of Article XV of the Constitution.

Source: Section 25211.5, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=CORP§ionNum=25211.­5.­ (updated Sep. 16, 1983; accessed Sep. 15, 2025).

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Verified:
Sep. 15, 2025

§ 25211.5's source at ca​.gov