SB 398 (Hernandez) – Placement Agents

Senate Bill

Revises the definitions of placement agent and external manager in order to provide clarity to current law, defines “investment fund” and clarifies the criteria that exempts placement agents, as specified, from certain reporting and registration requirements imposed by local governments.

  • Version: Chaptered (Chapter 704, Statutes of 2011)
  • Sponsor: Author
  • Location: Signed by Governor
  • Board Position: Support


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