25102 o Law and Legal Definition
25102(o) is the section of the California Corporation’s Code that startup company’s rely on to grant compensatory stock options that are exempted from qualification with the State of California. The startup issuer using 25102(o) must comply with several rules, including but not limited to Rule 701 of the Securities Act and also the filing of a notice of issuance of securities with the California Department of Corporations addressed to Commissioner of Corporations.
