Virginia Administrative Code
Title 21 - SECURITIES AND RETAIL FRANCHISING
Agency 5 - STATE CORPORATION COMMISSION
Chapter 40 - EXEMPT SECURITIES AND TRANSACTIONS
Section 21VAC5-40-200 - Nonissuer distribution
Universal Citation: 1 VA Admin Code 5-40-200
Current through Register Vol. 41, No. 3, September 23, 2024
In accordance with § 13.1-514B 23 of the Act, an offer or sale of a security by an issuer is exempt from the securities registration requirements of the Act if the offer or sale meets all of the following requirements:
1. Securities involved in these transactions are for nonissuer distribution only; and
2. Securities in these transactions are to be limited to the OTCQX Market Tier of the OTC Market.
Statutory Authority: §§ 12.1-13 and 13.1-523 of the Code of Virginia.
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