Corporations Code section 28405

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.

Source: Section 28405, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CORP§ionNum=28405. (updated Jan. 1, 1999; accessed Jun. 30, 2025).

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Jun. 30, 2025

§ 28405's source at ca.gov

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Location: https://california.public.law/codes/corporations_code_section_28405

Original Source: Section 28405, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CORP§ionNum=28405. (last accessed May 12, 2025).