WAC 460-44A-506
Conditions pertaining to the offer and
sale of securities pursuant to Rule 506 of the Securities Act
of 1933. (1) Offers and sales of securities by an issuer in
compliance with the Securities Act of 1933, Regulation D,
Rules 230.501 through 230.503; 230.506; and 230.508 as made
effective in Release No. 33-6389, and as amended in Release
Nos. 33-6437, 33-6663, 33-6758, 33-6825, 33-6863, 33-6949, 33-6996, and 33-8891 shall satisfy the conditions in
subsections (2) and (3) of this section.
(2) To qualify for preemption under this section, offers
and sales must satisfy all the terms and conditions of WAC 460-44A-503.
Note:
In order to comply with this section the issuer must comply with the provisions of Rule 506 (17 CFR Sec. 230.506) of
the Federal Securities and Exchange Commission.
(3) Offers or sales which are exempted under this section
may not be combined in the same offering with offers or sales
exempted under any other rule or section of chapter 21.20 RCW;
however, nothing in this limitation shall act as an election. Should for any reason an offering fail to comply with all of
the conditions for this section, the issuer may claim the
availability of any other applicable exemption.