La. Admin. Code tit. 10 § XIII-801
Current through Register Vol. 50, No. 11, November 20, 2024
Section XIII-801 - Compensatory Benefit Plan ExemptionA. By authority delegated to the commissioner in R.S.51:709(15) to promulgate rules thereunder, a security or transaction described in Subsection B is determined to be exempt from the registration requirements of R.S.51:705.B. Offers or sales of a security by an issuer pursuant to a written compensatory benefit plan or contract, including, without limitation, a purchase, savings, option, bonus, salary appreciation, profit-sharing, thrift, incentive, pension or similar plan, and interests in any such plan, provided that the offers and sales qualify for use of the registration exemption in Rule 230.701 under Section 28 of the Securities Act of 1933.La. Admin. Code tit. 10, § XIII-801
Promulgated by the Office of the Governor, Office of Financial Institutions, LR 34:2125 (October 2008).AUTHORITY NOTE: Promulgated in accordance with R.S.51:709(15)