Minnesota Administrative Rules

2876.2021 SINGLE ISSUE; INTEGRATION.

The following factors should be considered in determining whether offers and sales are part of a "single issue" for purposes of the exemption contained in Minnesota Statutes, section 80A.46 (14):

A.

whether the offers and sales are part of a single plan of financing;

B.

whether the offers and sales involve issuance of the same class of securities;

C.

whether the offers and sales have been made at or about the same time;

D.

whether the same type of consideration is being received; and

E.

whether the offers and sales are made for the same general purpose.

Statutory Authority:

MS s 45.023; 80A.82

History:

34 SR 593

Published Electronically:

November 23, 2009