Sec. 3-22c. Negotiated sales of college savings bonds.
62 words·~1 min read·
/ct/title-3/chapter-32-treasurer/3-22cA research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No college savings bonds shall be sold at a negotiated sale unless the underwriter or underwriters to which such bonds are sold
(1)are organized, incorporated or have their principal place of business in the state or
(2)in the judgment of the State Treasurer, have sufficient capability to make a broad distribution of such bonds to investors residing in the state.