CA AB2751

Exempts from qualification evidence of indebtedness issued by nonprofits organized for educational, benevolent, fraternal, religious, charitable, social, or reformatory purposes, and by chambers of commerce or trade and professional associations.

Creates exemption for agricultural enterprise securities where at least 75% of proceeds are used for agricultural purposes (real property purchase, lease, easement, construction, or improvement) with maximum $2,000,000 raised in 12 months.

Creates exemption for cooperative corporations, nonprofit mutual benefit corporations, and tenant-controlled entities purchasing solar photovoltaic panels, wind turbines, or related equipment, with maximum $2,000,000 raised in 12 months and at least 75% of proceeds reserved for qualified purchases.

Updates statutory references from "husband and wife" to "spouses" throughout the securities exemption provisions.

Requires issuers using agricultural and renewable energy exemptions to provide detailed disclosure statements, escrow accounts for raised funds, and file transaction notices with the Commissioner of Business Oversight.