Which of the Following Is $\underline{\text{not}}$ Required for the Intrastate Exemption?
A)The Investors and Issuer Must

question 76

Multiple Choice

Which of the following is $\underline{\text{not}}$ required for the intrastate exemption?

• A)The investors and issuer must all be residents of the same state.
• B)Of the issuer's income, 100 percent must be earned in its resident state.
• C)Of the issuer's assets, 80 percent must be located in its resident state.
• D)Of the proceeds from the sale, 80 percent must be earned on operations in the state.
• E)All of the above are requirements.

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