The certificates representing all securities of the capital access company sold to “accredited investors” for the purposes of providing capital to small business firms shall bear on their face a legend prominently stamped or printed thereon and in capital letters of not less than 10 point size, reading as follows:

“THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE NOT REDEEMABLE AND MAY BE TRANSFERRABLE ONLY TO ACCREDITED INVESTORS AS DEFINED IN SECTION 28031 OF THE CORPORATIONS CODE.”

Note: Authority cited: Section 25951, Corporations Code. Reference: Sections 28200(b) and (d) and 28031, Corporations Code.

History

1. New article 9 (section 280.500) and section filed 6-24-99; operative 7-1-99 pursuant to Government Code section 11343.4(d) (Register 99, No. 26).