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HomeCorporations CodeCh. 2§ 25115 Issuer Transaction Verification Requirements

§ 25115 Issuer Transaction Verification Requirements

Corporations Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 25115 Issuer Transaction Verification Requirements

This law says any request to get a transaction approved must be signed by the right person – the company itself for its own deals, or the person making the deal (or the company for them) for other deals.

Key Takeaways

  • •All approval applications must have a signature.
  • •If the transaction is by the issuer (the company), the issuer signs.
  • •If the transaction is by someone else, that person signs, or the issuer can sign for them.

Example

A tech company wants to issue new shares and fills out the approval form; the company's CEO signs it. A broker wants to sell shares for a client and fills out the same form; the broker signs it, or the tech company can sign for the broker.

The company’s CEO signs because it’s the company’s own transaction. The broker signs because it’s a non‑company transaction, but the company could also sign on the broker’s behalf.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 25115 Issuer Transaction Verification Requirements

Every application for qualification of an issuer transaction under this chapter shall be signed and verified by the issuer; every application for qualification of a nonissuer transaction under Section 25111 shall be signed and verified by the person on whose behalf the offering is being made or by the issuer on behalf of such person. (Amended by Stats. 1970, Ch. 612.)

Last verified: January 10, 2026

Key Terms

issuer transactionnonissuer transactionSection 25111

Related Statutes

  • § 25110 Security Sale Qualification Requirements
  • § 25130 Security Sale Qualification Rules
  • § 25131 Nonissuer Securities Qualification
  • § 12350 Board Of Directors Authority
  • § 12351 Board Meeting Notice Requirements

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Corporations Code. Section 25115.
View Official Source