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PA Bulletin, Doc. No. 98-852

RULES AND REGULATIONS

Title 64--SECURITIES

SECURITIES COMMISSION

[64 PA. CODE CH. 203]

Corrective Amendment to 64 Pa. Code § 203.141(b)(2)

[28 Pa.B. 2509]

   The Securities Commission has discovered a discrepancy between the agency text of 64 Pa. Code § 203.141(b)(2), as deposited with the Legislative Reference Bureau and published at 24 Pa.B. 653 (January 29, 1994), and the official text as published in the May, 1994 Pennsylvania Code Reporter (Master Transmittal Sheet No. 234) and as currently appearing in the Pennsylvania Code. Words were omitted from the text of subsection (b)(2).

   Therefore, under 45 Pa.C.S. § 901: The Securities Commission has deposited with the Legislative Reference Bureau a corrective amendment to 64 Pa. Code § 203.141(b)(2). The corrective amendment to 64 Pa. Code § 203.141(b)(2) is effective as of May 7, 1994, the date the defective official text was announced in the Pennsylvania Bulletin.

   The correct version of 64 Pa. Code § 203.141(b)(2) appears in Annex A, with ellipses referring to the existing text of the regulation.

Annex A

TITLE 64.  SECURITIES

PART I.  SECURITIES COMMISSION

Subpart B.  REGISTRATION OF SECURITIES

CHAPTER 203.  EXEMPT TRANSACTIONS

§ 203.141.  Sales to existing security holders.

*      *      *      *      *

   (b)  The exemption contained in section 203(n) of the act (70 P. S. § 1-203(n)) shall only be available for the offer and sale of equity securities when the following exist:

*      *      *      *      *

   (2)  The offer is made pro rata to all such security holders who are, of record, residents of this Commonwealth.

*      *      *      *      *

[Pa.B. Doc. No. 98-852. Filed for public inspection May 29, 1998, 9:00 a.m.]


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