V-1.1 - Securities Act

Section 21 Disposition versions

1983-04-06

21. From the time a receipt for a preliminary prospectus is obtained, and until a receipt for the prospectus in its final version is obtained, it is permissible, notwithstanding sections 11, 12 and 16,

(1)  to forward a preliminary prospectus to any person;

(2)  to distribute an advertising document not prohibited by regulation, provided it adequately reflects the information presented in the preliminary prospectus, without distorting it by selective presentation or by adding misleading statements;

(3)  to solicit prospective subscribers or purchasers without accepting any undertaking on their part.

1982, c. 48, s. 21.