N.Y. Comp. Codes R. & Regs. tit. 2 § 27.11

Current through Register Vol. 46, No. 53, December 31, 2024

Section 27.11 - Legal matters

The parts of the official statement describing legal matters shall contain at least the following information:

(a) a description of any pending or threatened legal proceedings which may affect the validity of the obligations or have a material adverse effect upon the ability of the issuer to pay the obligations, or on the market therefor;

(b) any proposed legal opinion approving the obligations, or a summary thereof; and

(c) a description of the tax status of the obligations and the interest thereon.

N.Y. Comp. Codes R. & Regs. Tit. 2 § 27.11