§ 260.140.72.3

Cal. Code Regs. tit. 10, § 260.140.72.3

Sales Commissions.

Effective Mar 10, 1989Register 89, No. 8Authority cited: Section 25610, Corporations Code. Reference: Section 25140, Corporations Code.State of California

Sales commissions in connection with the sale of the debt securities (exclusive of expenses incurred in preparation of the offering) shall not exceed 2 l/2% of the monies collected from the sale of such securities.

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

History

1. New section filed 2-8-89, operative 3-10-89 (Register 89, No. 8).