The intrastate registration exemption requires that 100 percent of the offerees be residents of the same state as the issuer.

Question

Quizplus · Accepted Answer

The intrastate registration exemption, also known as Rule 147, requires that 100 percent of the offerees and purchasers be residents of the same state as the issuer, and that the issuer must also conduct a significant amount of its business within that state.

The Intrastate Registration Exemption Requires That 100 Percent of the Offerees