Arizona Administrative Code
Title 14 - PUBLIC SERVICE CORPORATIONS; CORPORATIONS AND ASSOCIATIONS; SECURITIES REGULATION
Chapter 4 - Corporation Commission - Securities
Article 1 - IN GENERAL RELATING TO THE ARIZONA SECURITIES ACT
Section R14-4-149 - Exemption from Registration for Offers Made in Connection with a Pending Application
Universal Citation: AZ Admin Code R 14-4-149
Current through Register Vol. 30, No. 38, September 20, 2024
A. If all of the following apply, offers made in accordance with the requirements under U.S. Securities and Exchange Commission rule 134, 17 CFR 230.134(2006), rule 255, 17 CFR 230.255(2005), or rule 430, 17 CFR 230.430(2005), which are incorporated by reference and contain no later editions or amendments, shall be added to the class of transactions exempt under A.R.S. § 44-1844.
1. The issuer has applied for registration of
the securities to which the offers relate under the Securities Act of 1933, or
the securities are exempt from registration under that act.
2. The issuer has filed with the Commission
an application for registration of the securities to which the offers relate,
or the issuer has filed a notice under A.R.S. §
44-1843.01(B).
3. The issuer, or any of its predecessors,
affiliates, directors, officers, general partners, or individuals holding a
similar position of leadership, or beneficial owners of 10 percent or more of
any class of its equity securities do not fall within any of the
disqualification provisions of A.R.S. §
44-1901(G)(1)
through (6).
4. The issuer is not applying for
registration under A.R.S. §
44-1902.
5. The offering is not of a blind pool as
defined in A.R.S. §
44-1801(1).
6. The offering is not of speculative or high
risk securities as defined by
R14-4-118(C).
7. No part of the purchase price is received
until the securities are registered in Arizona, or the exemption under A.R.S.
§
44-1843.01(B)
is effective.
8. An indication of interest in response to
an offer made under this Section involves no obligation or commitment of any
kind.
B. Copies of the
incorporated material are available from the Commission and the Superintendent
of Documents, Government Printing Office, Washington, D.C., 20402. Copies are
also available at
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