04 NCAC 16G .0911. EXCEPTIONS

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(a) Rules .0909 and .0910 of this Section shall not apply to a transfer, agreement, or understanding to transfer, offer, or announcement of an offer or intent to make an offer which:

(1) pertains only to securities to be purchased pursuant to Paragraph (6) of Rule .0311 and Paragraphs (6) and (11) of Rule .0312 of this Subchapter; and

(2) has the prior written approval of the administrator.

(b) Rule .0910 of this Section shall not apply to any offer with a view toward public resale made exclusively to the savings bank or its underwriters or selling group acting on the savings bank's behalf.

History Note: Authority G.S. 54C‑33; 54C‑53;

Eff. February 15, 1992.

                    
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