Cal. Corporations Code § 25502
Cal. Corporations Code § 25502
California · California Corporations Code · Status: effective
Cite this
- Citation
- Cal. Corporations Code § 25502, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/793359
- Permanent ID
ys:prov:793359@1- SHA-256
f07ff9f41cca45547229727010e9bf91cfb31e0a16c739a47daaddf95c82ab3c
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
Any person who violates Section 25402 shall be liable to the person who purchases a security from him or sells a security to him, for damages equal to the difference between the price at which such security was purchased or sold and the market value which such security would have had at the time of the purchase or sale if the information known to the defendant had been publicly disseminated prior to that time and a reasonable time had elapsed for the market to absorb the information, plus interest at the legal rate, unless the defendant proves that the plaintiff knew the information or that the plaintiff would have purchased or sold at the same price even if the information had been revealed to him.