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Definition Of Intrastate Offering:


In the United States,a securities offering that can only be purchased in the state in which it is being issued.
Because theoffering does not include more than one state, it does not fall under the jurisdiction of the Securitiesand Exchange Commission andtherefore does not need to be registered with theSEC. Theoffering does, however, fall under the jurisdiction of state regulators.In order tobe exempt from SEC regulations, the offering must meet the following requirements: it must be sold only to residents of the state in which it is issued; the issuing company must be registered in the state; and the company must do a significant amount of business in the state. Some companies choose this type of issue because it is less expensive thanregistering with the SEC.

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