Cal. Code Regs. tit. 10 § 260.100

Current through Register 2024 Notice Reg. No. 38, September 20, 2024

Section 260.100 - Class Exemption for Persons Issuing Life Income Contracts

The following persons are hereby designated by class as entitled to the exemption for the offer or sale of life income contracts pursuant to subdivision (k) of Section 25100 of the Code: Any nonprofit college or university which has total endowment funds (including annuity and life income funds) according to its most recent audited financial statement of not less than $2,000,000.

Cal. Code Regs. Tit. 10, § 260.100

1. Amendment filed 7-13-70; effective thirtieth day thereafter (Register 70, No. 29).
2. Editorial correction of NOTE filed 3-9-83 (Register 83, No. 11).

Note: Authority cited: Sections 25100 (k) and 25610, Corporations Code. Reference: Section 25100(k), Corporations Code.

1. Amendment filed 7-13-70; effective thirtieth day thereafter (Register 70, No. 29).
2. Editorial correction of NOTE filed 3-9-83 (Register 83, No. 11).