Haw. Code R. § 16-38-22 - Exemptions
(a) For purposes of section 485-6(8), HRS,
which provides an exemption for sales to the banks and institutions listed in
that section, the term "institutional buyer" shall include any organization
within the scope of section 501(c)(3) of the Code.
(b) Any offer or sale of securities offered
or sold in compliance with the Securities Act, Regulation D,
17 CFR sections
230.501,
230.502,
230.503,
230.505,
and
230.506
as made effective in Release No. 33-6389 and complies with the conditions and
limitations of this subchapter, shall be exempted under section 485-6(19),
HRS.
(c) This section shall not
apply to any offer or sale of securities offered or sold in compliance with the
Securities Act, Regulation D,
17
CFR section 230.504, made effective in
Release No. 33-6389.
Notes
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