Sec. 10.3379 - Application for Permit

ยง 10.3379. Application for Permit

An application for a permit authorizing the offer or sale by a proposed director, proposed officer, or organizer of a proposed subject institution of a security to be issued by such subject institution or of a right or option to subscribe for or purchase any such security shall contain:

(a) Name of the proposed subject institution.

(b) Address or vicinity of the proposed head office of the proposed subject institution.

(c) Name, address, business or occupation, and proposed title of each of the proposed directors, proposed officers, and organizers of the proposed subject institution.

(d) Description of the security or of the right or option to be offered or sold.

(e) Description of the terms and conditions of the offer or sale.

(f) Description of the manner in which the offer or sale is to be made.

(g) Description of the persons to whom the offer or sale is to be made, including:

(1) In case the offer or sale is to be made to specified persons, the name, address, and business or occupation of each such specified person.

(2) In case the offer or sale is to be made to a specified class of persons, a description of such specified class and the approximate number of persons in the specified class.

(h) Copies of all documents to be used in connection with the offer or sale.

(i) Opinion of an attorney at law that the offer or sale will not contravene either (1) the Corporate Securities Law of 1968 or any regulation adopted pursuant thereto or (2) the Securities Act of 1933 (15 U.S.C. Sections 77a - 77aa) or any regulation adopted pursuant thereto.

(1. Repealer of subsection (g)(3) and new Note filed 4-7-97; operative 4-7-97 pursuant to Government Code section 11343.4(d) (Register 97, No. 15).)

Note: Authority cited: Section 215, Financial Code. Reference: Section 360, Financial Code.

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