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Home > Title 7 > Part 7 > Chapter 109 >Subchapter 109.8.html > Rule 109.8
TITLE 7 - BANKING AND SECURITIES
PART 7 - STATE SECURITIES BOARD
CHAPTER 109 - TRANSACTIONS EXEMPT FROM REGISTRATION
SUBCHAPTER 109.8.html - null
SECTION/RULE §109.8 - Initial Offering Completed
Chapter Review Date 03/18/2024

The phrase "initial offering of the securities has been completed," used in §4005.020 of the Act, means that any nonexempt public distribution of such securities has been completely sold to the public.

Source Note: The provisions of this §109.8 adopted to be effective January 1, 1976; amended to be effective July 18, 2024, 49 TexReg 5141.

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