Offer of sale rules require limited prospectus exemptions and disclosure of who bears offer costs and reasons. An offer of sale by members is subject to the Chapter III prospectus and allotment provisions except for minimum subscription, minimum application value, ... Summary
Offer of sale rules require limited prospectus exemptions and disclosure of who bears offer costs and reasons.
An offer of sale by members is subject to the Chapter III prospectus and allotment provisions except for minimum subscription, minimum application value, board statements on utilization of money, and other information the offeror cannot compile with detailed justifications; the prospectus must disclose who bears the cost of the offer and the reasons.
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