Corporate Securities Law of 1968

The Corporate Securities Law of 1968 regulates all offers and sales of securities in California. All securities offered or sold must be either qualified with the Commissioner of Corporations or exempted from registration by a specific Rule of the Commissioner or specific law.

How to reach us:

Sacramento:
Department of Business Oversight
1515 K Street, Suite 200
Sacramento, CA 95814-4052
San Francisco:
Department of Business Oversight
One Sansome Street, Suite 600
San Francisco, CA 94104-4428
Los Angeles:
Department of Business Oversight
320 West 4th Street, Suite 750
Los Angeles, CA 90013-2344
Phone: (866)-275-2677
Email: Ask.DBO@dbo.ca.gov

Securities – Frequently Asked Questions and Answers

For the Consumer

Fairness Hearings

California Corporations Code section 25142 allows companies interested in issuing securities in a merger or conducting an exchange of outstanding securities to seek a “fairness” hearing as part of its application for qualification of the offer and sale of securities. By this process, applicants may seek an exemption from federal registration as provided by Section 3(a)(10) of the Securities Act of 1933 through a state-law hearing on the fairness of the terms and conditions of the proposed issuance or exchange of securities.

Check information about Fairness Hearings.

Check list of Fairness hearings.

Securities Forms

Department of Business Oversight is pleased to provide links to the following forms listed below. To find which is the proper office to file your application and or notice, please refer to Commissioner’s Release 13-G (Revised) (PDF)

The table below contains a list Securities Forms
Form Number Form Title Format
260.100.1 Request for Designation as an Exempt Organization Pursuant to Subdivision (k) of Section 25100 Corporate Securities Law of 1968 PDF
260.100.3 Request For Order of Exemption Pursuant to Subdivision (L) of Section 25100 of the Corporate Securities Law of 1968 PDF
260.102.8(a) Notice of Issuance of Securities Pursuant to Corporations Code Section 25102(h) PDF
260.102.8(b) Consent to Service of Process PDF
260.103.6(b) Notice of Exchange Transaction Pursuant to Corporations Code Section 25103(h) PDF
260.105.33/34 Notice for Senior to Listed Securities PDF
260.110 Notice to Applicants – Use of a Cross-Reference Sheet
260.110 Facing Page for Application for Qualification of the Offer & Sale of Securities under the Corporate Securities Law of 1968 PDF
260.111 Instructions for Qualification by Coordination PDF
260.112 Instructions for Application by Notification PDF
260.113 Instructions for Application by Permit PDF
260.121 Instructions for Application for Qualification and Recapitalization PDF
260.141.50 Application for Removal of Condition PDF
260.146 Semi-Annual Report Pursuant to Section 25146 of the Corporate Securities 1968 PDF
260.151(a) Application for Consent to Transfer Securities (include 260.151(b)) PDF
260.151(b) Statement of Transferee (include 260.151(a)) PDF
260.165 Consent to Service of Process 260.165 PDF
260.507 Application for Repurchase Offer Approval PDF
25100.1(b) Notice of Issuance of Securities by An Investment Company Pursuant to Corporations Code Section 25100.1(b) PDF
25102.2 Real Estate Related Information Required Pursuant to Corporations Code Section 25102.2 PDF
DBO-25102 N

Transaction Pursuant to Corporations Code Section 25102(n) Packet including Instructions and Forms Limited Offering Exemption Notice Packet Corporations Code Section 25102(n) – Instructions Only

PDF
DBO-260.102.14(c)

Notice of Transaction Pursuant to Corporations Code Section 25102(f) (Instruction included)

PDF
DBO-260.102.19 Notice of Issuance of Securities pursuant to subdivision (o) of Section 25102 of the Corporations Code PDF
DBO-260.131 Facing Page For Qualification Of Nonissuer Transaction By Notification PDF
DBO-260.140.80.5 Contractual Periodic Payment Plan Standards Guidelines PDF
DBO-260.141.13 Notice of Release of Securities From Escrow Save & Exit PDF
DBO-ADM 500.295 Instructions for Section 260.141.11 Restriction on Transfer PDF
DBO-QR-500.259 Customer Authorization of Disclosure of Financial Records and Instructions PDF
DBO-SCOR-260.113 Small Corporate Offering Registration Form PDF
DBO-SRD 500.526 A Consumer’s Guide to Small Business Investments PDF
DBO-SRD QR 518 Look Before You Leap – Guide to Buying a Franchise PDF

Last updated: Oct 1, 2019 @ 12:49 pm