There is hereby exempted from the provisions of Section 25300(a) of the Code as not being comprehended within the purposes of said Section, any advertisement for any security in a nonissuer transaction if the offer of such security is exempted by Subdivision (e) or Subdivision (f) of Section 25104.

Note: Authority cited: Section 25610, Corporations Code. Reference: Section 25300, Corporations Code.

History

1. New section filed 5-14-69; effective thirtieth day thereafter (Register 69, No. 20).

2. Editorial correction of Note filed 11-8-82 (Register 82, No. 46).