§ 80.3. Transaction.
74 words·~1 min read·
/us/cfr/t28/s§ 80.3·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The entire transaction which is the subject of the request must be an actual---not a hypothetical---transaction but need not involve only prospective conduct. However, a request will not be considered unless that portion of the transaction for which an opinion is sought involves only prospective conduct. An executed contract is not a prerequisite and, in most---if not all---instances, an opinion request should be made prior to the requestor's commitment to proceed with a transaction.