18 Va. Admin. Code § 48-30-500

Current through Register Vol. 41, No. 9, December 16, 2024

Section 18VAC48-30-500 - Current public offering statement

A. Upon issuance of an effective date by the board, any purchasers who received a public offering statement and summary of proposed amendments during the board review period pursuant to subsection A of 18VAC48-30-490 shall be provided with the public offering statement as accepted by the board. A public offering statement remains current until such time as the occurrence of a material change requires amendment of the public offering statement pursuant to this chapter and a new effective date is issued by the board.

B. Upon issuance of an effective date by the board, a public offering statement remains current until such time as a new effective date is established pursuant to this chapter.

C. Notwithstanding the board's authority to issue a cease and desist order pursuant to § 55.1-1986 of the Code of Virginia, the filing of an amended public offering statement shall not require the declarant to cease sales provided that the declarant provides to purchasers the summary of proposed amendments pursuant to subsection A of 18VAC48-30-490 pending the issuance of a new effective date by the board.

18 Va. Admin. Code § 48-30-500

Derived From Virginia Register Volume 31, Issue 20, eff. 8/1/2015; Amended, Virginia Register Volume 36, Issue 06, eff. 12/31/2019.

Statutory Authority: § 54.1-2349 of the Code of Virginia.