A legend restricting transferability, in the form set forth in Section 260.141.11 of these rules, will normally be required as a condition to the qualification for sale of units and must be fully described and set forth in the prospectus and the documents evidencing the units.

Note: Authority cited: Section 25610, Corporations Code. Reference: Section 25141, Corporations Code.

History

1. Editorial correction adding Note filed 11-8-82 (Register 82, No. 46).