Practice question
What is the basic distinction between sections 9 and 10 exemptions?
- Both abolish every securities law
- Section 9 concerns classes of securities; section 10 concerns particular transactions
- Section 9 concerns only crimes and section 10 only taxes
- Neither concerns registration
- Both apply only to physical stock certificates
Legal references
- https://lawphil.net/statutes/repacts/ra2000/ra_8799_2000.html — RA 8799, sections 8–10 and 26
Answer this question in flashcards to review your response and continue practicing.