Corporations Code section 25147

The commissioner may by rule or order require as a condition of qualification that any security qualified under Section 25113 be sold only on a specified form of subscription or sale contract, and that a signed or conformed copy of each contract be preserved for any period up to three years specified in the rule or order.

Source: Section 25147, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=CORP§ionNum=25147.­ (updated Jan. 1, 1968; accessed Jun. 30, 2025).

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Verified:
Jun. 30, 2025

§ 25147's source at ca​.gov