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.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
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.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
