Practice question
Under section 10.1(k), the issuer’s private-placement exemption refers to sales to how many persons in the Philippines during twelve months?
- Any number without conditions
- Exactly twenty
- At least one hundred
- Fewer than twenty
- Only one thousand
Legal references
- https://lawphil.net/statutes/repacts/ra2000/ra_8799_2000.html — RA 8799, sections 8–10 and 26
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