Which of the following must be true in order for an offering to qualify as an intrastate offering under Rule 147?
A)80% of the proceeds of the offering must be used in that state
B)80% of the corporation's assets must be located in that state
C)80% of the corporation's revenue must be earned in that state
D)all of the above are required

Question

Quizplus · Accepted Answer

all of the above are required. An intrastate offering under Rule 147 requires qualification under all of these conditions.

Which of the Following Must Be True in Order for an Offering