(3) Definition As used in this subsection, the term “issuer” includes any person who is a director or partner of the issuer, and the principal executive officer or officers, principal financial officer, and controller or principal accounting officer of the issuer (and any person occupying a similar status or performing a similar function) that offers or sells a security in a transaction exempted by the provisions of section 77d(6) 1 of this title, and any person who offers or sells the security in such offering.


15 USC § 77d-1(c)(3)

Scoping language

As used in this subsection
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