Statutes, codes, and regulations
Washington Administrative Code
Title 460 - Financial Institutions, Department of (Securities Division)
Chapter 460-44A - Exempt transactions
Section 460-44A-506 - Conditions pertaining to the offer and sale of securities pursuant to Rule 506 of the Securities Act of 1933

Wash. Admin. Code § 460-44A-506

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Current through Register Vol. 24-21, November 1, 2024
Section 460-44A-506 - Conditions pertaining to the offer and sale of securities pursuant to Rule 506 of the Securities Act of 1933
(1) Offers and sales of securities by an issuer in compliance with the Securities Act of 1933, Regulation D, Rules 230.501 through 230.503; 230.506; and 230.508 as made effective in Release No. 33-6389, and as amended in Release Nos. 33-6437, 33-6663, 33-6758, 33-6825, 33-6863, 33-6949, 33-6996, 33-8891, 33-9414, and 33-9415 shall satisfy the conditions in subsections (2) and (3) of this section.
(2) To qualify for preemption under this section, offers and sales must satisfy all the terms and conditions of WAC 460-44A-503.

Note: In order to comply with this section the issuer must comply with the provisions of Rule 506 (17 C.F.R. Sec. 230.506) of the Federal Securities and Exchange Commission.

(3) Offers or sales which are exempted under this section may not be combined in the same offering with offers or sales exempted under any other rule or section of chapter 21.20 RCW; however, nothing in this limitation shall act as an election. Should for any reason an offering fail to comply with all of the conditions for this section, the issuer may claim the availability of any other applicable exemption.

Wash. Admin. Code § 460-44A-506

Amended by WSR 14-11-005, filed 5/7/14, effective 6/7/2014

Statutory Authority: RCW 21.20.450, 21.20.320(1), (9), (17). 08-16-072, § 460-44A-506, filed 7/31/08, effective 9/15/08; 98-11-014, § 460-44A-506, filed 5/12/98, effective 6/12/98. Statutory Authority: RCW 21.20.450. 94-03-061, § 460-44A-506, filed 1/14/94, effective 2/14/94. Statutory Authority: RCW 21.20.320(1) and (16) and 21.20.450. 89-17-076 (Order SDO-122-89), § 460-44A-506, filed 8/17/89, effective 9/17/89; 88-15-024 (Order SDO-71-88), § 460-44A-506, filed 7/12/88. Statutory Authority: RCW 21.20.320(1) and (17) and 21.20.340(11). 86-15-003 (Order SDO-80-86), § 460-44A-506, filed 7/3/86. Statutory Authority: RCW 21.20.320(1) and 21.20.450. 85-01-062 (Order SDO-196-84), § 460-44A-506, filed 12/17/84; 82-21-031 (Order SDO-98-82), § 460-44A-506, filed 10/15/82.