Sec. 3 AAC 08.600 - General provisions relating to small corporate offerings

ยง 3 AAC 08.600. General provisions relating to small corporate offerings

(a) As an alternative to a registration procedure under this chapter, a corporation or limited liability company issuing securities that are exempt from registration with the SEC under either 17 C.F.R. 230.251 - 17 C.F.R. 230.263 (Regulation A) or 17 C.F.R. 230.501- 17 C.F.R. 230.504 and 17 C.F.R. 230.507 (Rule 504 of Regulation D), may use the NASAA registration Form U-7, or its successor, as the disclosure document for the offering.

(b) The administrator will, in the administrator's discretion, for good cause shown, waive or modify a requirement of 3 AAC 08.600 - 3 AAC 08.650.

(c) The administrator will, in the administrator's discretion, apply a provision of 3 AAC 08.080 - 3 AAC 08.230 to offerings under 3 AAC 08.600 - 3 AAC 08.650, if the administrator determines that application of that provision is necessary for the protection of investors.

(Eff. 9/18/91, Register 119; am 4/19/2000, Register 154)

Authority:AS 45.55.110

AS 45.55.950

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