{"data":{"id":"us-ca/ins-822","jurisdiction":"us-ca","citation":"INS § 822","heading":"","body":"Except as otherwise provided by this article, “sale” or “sell” means every disposition, or attempt or arrangement to dispose, of a security or interest in a security for value, whether done by direct or indirect means. A security is conclusively presumed to be sold for value if given with any purchase of any nature or if given as a bonus on account of a purchase. “Sale” or “sell” shall also mean a contract of sale, an exchange, any change in the rights, preferences, privileges, or restrictions on outstanding securities, an attempt to sell, an option of sale, a solicitation of a sale, a subscription or an offer to sell directly or by a stock agent, or a circular letter, advertisement or otherwise.","path":["Insurance Code - INS","DIVISION 1. GENERAL RULES GOVERNING INSURANCE [100. - 1879.8.]","PART 2. THE BUSINESS OF INSURANCE [680. - 1879.8.]","CHAPTER 1. General Regulations [680. - 1113.]","ARTICLE 8. Issue of Securities [820. - 860.]"],"source_url":"https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip","current_through":"2026-09-13","vintage":"","retrieved_at":"2026-09-14T05:56:33Z","sha256":"b0f7d56f1c78588f6ed24a06bc097298428a845b90d0537484b2ca0062cbf7b1","source_id":"us-ca","stale":false,"prev":"us-ca/ins-821.5","next":"us-ca/ins-823"},"notice":"GroundRules: Original legal text. Not legal advice."}