Sec. 47-98. Sale of unqualified real estate syndicate securities prohibited.
Sec. 47-98. Sale of unqualified real estate syndicate securities prohibited. No
issuer shall offer or sell to the public in this state any real estate syndicate security unless
such sale has been qualified under section 47-92 or unless such real estate syndicate
security or transaction is exempted under section 47-101. No issuer shall offer or sell
in this state any real estate syndicate security issued by it in connection with any change
in the rights, preferences, privileges or restrictions of or on an outstanding real estate
syndicate security unless such sale has been qualified under section 47-92 or unless
such real estate syndicate security or transaction is exempted under section 47-101.
(P.A. 73-593, S. 5, 35.)