California § 5616 - Upon the filing of the application for a permit to sell securities, the commissio
Full text of California Public Contract Code - PCC § 5616 — Upon the filing of the application for a permit to sell securities, the commissio, with citation guidance and answers to common questions.
§ 5616. Upon the filing of the application for a permit to sell securities, the commissio
Upon the filing of the application for a permit to sell securities, the commissioner shall examine the application and other papers and documents filed therewith, and he or she may make a detailed examination, audit, and investigation of the association and its affairs. If the commissioner finds that the proposed plan for the issue and sale of such securities is fair, just, and equitable, the commissioner shall issue to the applicant a permit authorizing it to issue and dispose of its securities in such amounts and for such considerations and upon such terms and conditions as the commissioner may provide in the permit. If the commissioner does not so find, the commissioner shall deny the application and notify the applicant in writing of his or her decision.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 5616
What does Public Contract Code - PCC § 5616 cover?
Section 5616 ("Upon the filing of the application for a permit to sell securities, the commissio") 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 § 5616?
A common citation format is "Public Contract Code - PCC § 5616" (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 § 5616 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.