La. Admin. Code tit. 10 § XIII-319

Current through Register Vol. 50, No. 11, November 20, 2024

Section XIII-319 - Prohibition of Use of Certain Financial Statements

A. Financial statements which purport to give effect to the receipt and application of any part of the proceeds from the sale of securities for cash shall not be used unless the sale of such securities is underwritten and the underwriters are to be irrevocably bound, on or before the date of the public offering, to take issue. The caption of any such financial statement shall clearly set forth the names of the underwriters and the assumptions upon which such statement is based. The caption shall be in type at least as large as that used generally in the body of the statement.

La. Admin. Code tit. 10, § XIII-319

Adopted by the Commissioner of Securities, November 9, 1971.

AUTHORITY NOTE: Promulgated in accordance with R.S. 51:706.