Code of Virginia § 55.1-2159. Public offering statement; cooperative securities.
89 words·~1 min read·
/va/title-55-1/chapter-21/55-1-2159·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If an interest in a cooperative is currently registered with the Securities and Exchange Commission of the United States, a declarant satisfies all requirements relating to the preparation of a public offering statement of this chapter if he delivers to the purchaser and files with the agency a copy of the public offering statement filed with the Securities and Exchange Commission. A cooperative interest is not a security under the provisions of the Securities Act, §§ 13.1-501 through 13.1-527.3 .
1982, c. 277, § 55-482; 2019, c. 712 .