21 Va. Admin. Code § 5-40-200
In accordance with § 13.1-514 B 23 of the Act, an offer or sale of a security by an issuer is exempt from the securities registration requirements of the Act if the offer or sale meets all of the following requirements:
§§ 12.1-13 and 13.1-523 of the Code of Virginia.
Derived from Virginia Register Volume 36, Issue 24, eff. July 1, 2020.