3 AAC 08.650 - Escrow, lock-in, and impound provisions for small corporate offerings
(a) Promotional shares in an offering under
3
AAC 08.600 -
3
AAC 08.640 are subject to the escrow and lock-in
requirements of
3
AAC 08.180 -
3
AAC 08.186.
(b) If the proposed business of the issuer
requires a minimum amount of proceeds to commence or continue the business in
the manner proposed, impoundment of the sale proceeds are subject to the
requirements of
3
AAC 08.190.
Notes
Authority:AS 45.55.110
AS 45.55.950
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