California § 25164 - Neither (1) the fact that an application for qualification under this law has bee
Full text of California Public Contract Code - PCC § 25164 — Neither (1) the fact that an application for qualification under this law has bee, with citation guidance and answers to common questions.
§ 25164. Neither (1) the fact that an application for qualification under this law has bee
(a) Neither (1) the fact that an application for qualification under this law has been filed nor (2) the fact that such qualification has become effective constitutes a finding by the commissioner that any document filed under this law is true, complete, or not misleading. Neither any such fact nor the fact that a notice is filed or an exemption is available for a security or a transaction means that the commissioner has passed in any way upon the merits or qualifications of, or recommended or given approval to, any person, security or transaction (except as provided in Section 25142). (b) It is unlawful to make or cause to be made to any prospective purchaser any representation inconsistent with subdivision (a) of this section. (c) Every permit issued by the commissioner shall recite in bold type that the issuance thereof is permissive only and does not constitute a recommendation or endorsement of the securities permitted to be issued.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 25164
What does Public Contract Code - PCC § 25164 cover?
Section 25164 ("Neither (1) the fact that an application for qualification under this law has bee") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 25164?
A common citation format is "Public Contract Code - PCC § 25164" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 25164 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.