GroundRules
21VAC5-40-200: Nonissuer distribution
Where this section sits in the code
- Title 21. Securities And Retail Franchising
- Agency 5. State Corporation Commission, Division of Securities And Retail Franchising
- Chapter 40. Exempt Securities and Transactions
In accordance with § 13.1-514 B 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.
Collected 2026-09-14T04:53:34Z. Source file · JSON