Sec. 501. THRESHOLD FOR REGISTRATION

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## SEC. 501 THRESHOLD FOR REGISTRATION Section 12(g)(1)(A) of the Securities Exchange Act of 1934 (15 U.S.C. 78l(g)(1)(A)) is amended to read as follows: > > ##### “(A) > > within 120 days after the last day of its first fiscal year ended on which the issuer has total assets exceeding $10,000,000 and a class of equity security (other than an exempted security) held of record by either— > > > ###### “(i) > > 2,000 persons, or > > > ###### “(ii) > > 500 persons who are not accredited investors (as such term is defined by the Commission), and” > .

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U.S. Code

Registration requirements for securities
§ 78l

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Sec. 501

THRESHOLD FOR REGISTRATION

U.S.C.§ 78l

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