California Government Code 5970 – As used in this chapter, the following phrases have the following …
As used in this chapter, the following phrases have the following meanings:
(a) “Person” means any broker, dealer, municipal securities dealer, investment advisor, or investment firm.
Terms Used In California Government Code 5970
- City: includes "city and county" and "incorporated town" but does not include "unincorporated town" or "village. See California Government Code 20
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- County: includes city and county. See California Government Code 19
- State: means the State of California, unless applied to the different parts of the United States. See California Government Code 18
(b) “Regulatory agency” means the Department of Financial Protection and Innovation, the securities administrators or other similar regulatory authority in any other state, the Securities and Exchange Commission, the Financial Industry Regulatory Authority, the Municipal Securities Rulemaking Board, the Commodity Futures Trading Commission, or any other self-regulatory organization.
(c) “State or local government” means the state, any department, agency, board, commission, or authority of the state, or any city, city and county, county, public district, public corporation, authority, agency, board, commission, or other public entity.
(Amended by Stats. 2022, Ch. 452, Sec. 168. (SB 1498) Effective January 1, 2023.)