21 Va. Admin. Code § 5-40-200

Current through Register Vol. 41, No. 6, November 4, 2024

Section 21VAC5-40-200 - Nonissuer distribution

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.

21 Va. Admin. Code § 5-40-200

Derived from, Virginia Register Volume 36, Issue 24, eff. 7/1/2020.

Statutory Authority: §§ 12.1-13 and 13.1-523 of the Code of Virginia.