Government Code section 5955

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.

Source: Section 5955, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=GOV§ionNum=5955.­ (updated Sep. 29, 1994; accessed Jun. 30, 2025).

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Verified:
Jun. 30, 2025

§ 5955's source at ca​.gov