Government Code section 86206

Nothing in this article prohibits the payment of fees for contractual services provided to an investment manager by a placement agent, as defined in Section 82047.3, who is registered with the Securities and Exchange Commission and regulated by the Financial Industry Regulatory Authority, except as provided in subdivision (f) of Section 86205.

Source: Section 86206, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=86206. (updated Jan. 1, 2011; accessed Sep. 22, 2025).

86201
86203
86204
86205
86206

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Verified:
Sep. 22, 2025

§ 86206's source at ca.gov

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Location: https://california.public.law/codes/government_code_section_86206

Original Source: Section 86206, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=86206. (last accessed May 12, 2025).