In a Rule 147 (Intrastate)offering,a Company May Only Sell Its

question 86

True/False

In a Rule 147 (intrastate)offering,a company may only sell its shares to investors in the state in which it is incorporated and does business.

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Definitions:

Mitosis

The process of cell duplication and division that generates all of an individual’s cells except sperm and ova.

Physical Presence

Being bodily in a place or situation, as opposed to being there in thought, spirit, or via electronic means.

Material Tools

Physical objects created or used by humans to perform tasks or achieve certain functions, ranging from simple implements to complex machinery.

Symbolic Tools

Systems of signs, symbols, and language that humans use to communicate, think, solve problems, and convey information.