Statutes, codes, and regulations
Connecticut Administrative Code
Title 36b - Connecticut Securities Law and Business Opportunity Investment ActConnecticut Uniform Securities Act
Transferred from section 36-500, July 3, 1995
Section 36b-31-21a-9 - Exemption for securities issued by nonprofit organizations

Conn. Agencies Regs. § 36b-31-21a-9

Download
PDF
Current through October 16, 2024
Section 36b-31-21a-9 - Exemption for securities issued by nonprofit organizations

For purposes of section 36b-21(a) (9) of the general statutes, the issuance of a determination letter by the Internal Revenue Service confirming the status of a person as an exempt organization under Section 501 (c) (3) of the Internal Revenue Code of 1954, as amended, shall be prima facie evidence that such person is "organized and operated not for private profit but exclusively for religious, educational, benevolent, charitable, fraternal, social, athletic, or reformatory purposes."

Conn. Agencies Regs. § 36b-31-21a-9

Effective August 22, 1994; Transferred July 3, 1995