Facebook, Inc. And CalEASI
In 1996, the California legislature enacted SB 261 (Beverly) which established an exemption, Corporations Code Section 25102(o), for the offer or sale of securities by a corporation pursuant to an option plan or agreement provided that specified conditions are met. Four years later, the legislature amended Section 25102(o) to include securities issued by limited liability companies. Stats. 2000 ch. 705 § 4 Read more...
