California Codes, Business and Professions Code - BPC, Division 4 — Real Estate, Part 1 — Licensing of Persons, Chapter 3 — Real Estate Regulations, Article 6 — Claim of Exemption From Securities Qualification, Section 10239
The jurisdiction of the Commissioner of Financial Protection and Innovation under the Corporate Securities Law of 1968 shall be neither limited nor expanded by this article. Nothing in this article shall be construed to supersede or restrict the application of the Corporate Securities Law of 1968. A transaction under this article shall not be construed to be a transaction involving the issuance of securities subject to authorization by the Real Estate Commissioner under subdivision (e) of Section 25100 of the Corporations Code.
Notes
Limits the effect of this article by providing that it neither expands nor restricts the Commissioner of Financial Protection and Innovation’s jurisdiction under the Corporate Securities Law of 1968 and does not supersede or restrict that law. It also bars treating a transaction under this article as a securities issuance requiring Real Estate Commissioner authorization under the cited provision.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 10239 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-4/part-1/chapter-3/article-6/section-10239