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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Civil Code 1695.17 clarification Posted by Awsmjohn on November 12, 2003 at 12:13 AM Civil Code Section 1695.17 states that agents and/ or employees of an equity purchaser must (a) hold a a valid CA RE license and (b} surety bonding (which you can't buy) of twice the value your are negotiating for. Question is, does this effectively prohibit either a partnership or corporation from equity purchasing? A corporation or partnership cannot act except by their agents. 10133 of B&P codes exempts licenses for acts of agent on behalf of corporations or partnerships for which there is no special compensation but how abour equity purchases? Help please, we have a small group that wants to invest but doesn't want to be sued for it! Follow Ups: Doesn't apply to a n officer/owner or partner/owner Ward-CA- 4:55 PM, 11/12/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Civil Code Section 1695.17 states that agents and/ or employees of an equity purchaser must (a) hold a a valid CA RE license and (b} surety bonding (which you can't buy) of twice the value your are negotiating for. Question is, does this effectively prohibit either a partnership or corporation from equity purchasing? A corporation or partnership cannot act except by their agents. 10133 of B&P codes exempts licenses for acts of agent on behalf of corporations or partnerships for which there is no special compensation but how abour equity purchases? Help please, we have a small group that wants to invest but doesn't want to be sued for it! Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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