There is hereby exempted from the provisions of Sections 25110 and 25120 of the Code as not being comprehended within the purposes of the Corporate Securities Law of 1968 and the qualification of which is not necessary or appropriate in the public interest or for the protection of investors, any offer or sale of a beneficial interest in an inter vivos funeral trust meeting the requirements of Division 3, Chapter 12, Article 9 (commencing with Section 7735) of the Business and Professions Code.

Note: Authority cited: Sections 25105 and 25610, Corporations Code. Reference: Sections 25105, 25110 and 25120, Corporations Code.

History

1. New section filed 5-17-77; effective thirtieth day thereafter (Register 77, No. 21).

2. Editorial correction of Note filed 3-9-83 (Register 83, No. 11).