Documents to supplement or amend an offering plan-collectively, amendment(s)-shall be deemed part of the offering plan and shall meet the following requirements:
Amendments must be mailed to or submitted during business hours to the New York State Department of Law, Real Estate Finance Bureau, 28 Liberty Street, New York, NY 10005. Include the following when submitting an amendment to the Department of Law:
If the amendment is submitted before the closing, or if the amendment discloses the events that took place at the closing, the form must be signed by the sponsor. If the amendment is submitted after the closing, the form must be signed by one or more holders of unsold shares and must include the sponsor or principals of sponsor if the sponsor or principals are holders of unsold shares.
The term of the initial offer is 12 months, commencing on the date indicated in the letter issued by the Department of Law stating that the plan is filed. Any amendment extends the term of the offering for an additional six-month term, unless the term is shorter by the provisions of the amendment. In the absence of any amendments, an extension of the term must be made by amendment before the end of the then current term, and must comply with the provisions of section 17.5 of this Part and the requirements set forth below. An extension of time is for an additional six-month term.
N.Y. Comp. Codes R. & Regs. Tit. 13 § 17.5