The Department will not issue letters of nondisapproval of advertising filed under Section 25300 of the Code. However, if the person desiring to use the advertisement requests an order shortening the three-day waiting period before use of the advertisement becomes permissible under that Section, such order will be issued when an appropriate showing of the need therefor is made by the filer. Any permit issued by the Commissioner shall automatically constitute an order shortening the three-day waiting period with respect to any advertisement on file at the time of the issuance of the permit, relating to the offer and sale of the securities covered by the permit, so as to permit the use of such advertisement at any time thereafter.
Cal. Code Regs. Tit. 10, § 260.300
2. Editorial correction of NOTE filed 11-8-82 (Register 82, No. 46).
Note: Authority cited: Section 25610, Corporations Code. Reference: Section 25300, Corporations Code.
2. Editorial correction of NOTE filed 11-8-82 (Register 82, No. 46).