Corporations Code - CORP
TITLE 4. SECURITIES [25000 - 31516]
( Title 4 added by Stats. 1949, Ch. 384. ) DIVISION 3. CAPITAL ACCESS COMPANIES [28000 - 28958]
( Division 3 added by Stats. 1998, Ch. 668, Sec. 3. ) CHAPTER 6. Transaction of Business [28400 - 28405]
( Chapter 6 added by Stats. 1998, Ch. 668, Sec. 3. ) 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.
(Added by Stats. 1998, Ch. 668, Sec. 3. Effective January 1, 1999. Operative July 1, 1999, by Sec. 4 of Ch. 668.)