Texas Administrative Code
Title 7 - BANKING AND SECURITIES
Part 7 - STATE SECURITIES BOARD
Chapter 109 - TRANSACTIONS EXEMPT FROM REGISTRATION
Section 109.8 - Initial Offering Completed
Universal Citation: 7 TX Admin Code ยง 109.8
Current through Reg. 49, No. 38; September 20, 2024
The phrase "initial offering of the securities has been completed," used in §4005.020 of the Act, means that any nonexempt public distribution of such securities has been completely sold to the public.
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