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2011 California Code
Corporations Code
TITLE 4. SECURITIES [25000 - 31516]
CHAPTER 6. Transaction of Business
Section 28405


CA Corp Code § 28405 (through 2012 Leg Sess) What's This?

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.

(Added by Stats. 1998, Ch. 668, Sec. 3. Effective January 1, 1999. Operative July 1, 1999, by Sec. 4 of Ch. 668.)

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