{"data":{"id":"us-va/21vac5-40-200","jurisdiction":"us-va","citation":"21VAC5-40-200","heading":"Nonissuer distribution","body":"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:\n\n1. Securities involved in these transactions are for nonissuer distribution only; and\n\n2. Securities in these transactions are to be limited to the OTCQX Market Tier of the OTC Market.","path":["Title 21. Securities And Retail Franchising","Agency 5. State Corporation Commission, Division of Securities And Retail Franchising","Chapter 40. Exempt Securities and Transactions"],"source_url":"https://law.lis.virginia.gov/admincode/title21/agency5/chapter40/section200/","current_through":"2026 Regular Session (effective July 1, 2026)","vintage":"","retrieved_at":"2026-09-14T04:53:34Z","sha256":"d6adc13fb0371abf2b7bc453b1e42bd7607abd5fa7275567cdc0276b80324362","source_id":"us-va-vac","stale":false,"prev":"us-va/21vac5-40-190","next":"us-va/21vac5-40-210"},"notice":"GroundRules: Original legal text. Not legal advice."}