Corporations Code section 13205

No association is subject in any manner to the terms of the Corporate Securities Law and all associations may issue their membership certificates or stock or other securities as provided in this division without the necessity of any permit from the Commissioner of Financial Protection and Innovation.

Source: Section 13205, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CORP§ionNum=13205. (updated Jan. 1, 2023; accessed Jun. 9, 2025).

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Verified:
Jun. 9, 2025

§ 13205’s source at ca.gov

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Location: https://california.public.law/codes/corporations_code_section_13205

Original Source: Section 13205, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CORP§ionNum=13205. (last accessed May 12, 2025).