The sale of units in a program together with shares, options to purchase shares or other securities issued by the sponsor or another issuer ordinarily will not be permitted, unless such other securities viewed separately satisfy the requirements otherwise applicable to an open qualification.

Note: Authority cited: Section 25610, Corporations Code. Reference: Section 25140, Corporations Code.

History

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