§ 11-51-311 — Coordination of exemptions

Colorado § 11-51-311

• Jurisdiction: Colorado
• Title 11: Financial
• Art.: Securities

Text

In furtherance of the policy stated in
section 11-51-101 (3), the exemptions under sections 11-51-307 to 11-51-309 shall be
coordinated with exemptions for securities and transactions under the federal
Securities Act of 1933 so that an offering registered under the federal Securities
Act of 1933 shall be subject to registration by filing under this article in the
absence of an exemption under this article and so that an offering exempt from
registration under the federal Securities Act of 1933, other than pursuant to the
exemption for intrastate offerings, shall also be exempt from registration under
this article. The securities commissioner shall make, amend, and rescind rules in
order to effectuate such policy. Nothing in this section shall limit the powers or
actions of the securities commissioner to make, amend, and rescind rules with
regard to exemptions provided by sections 11-51-307 and 11-51-308 or added by
section 11-51-309 but not contained in the federal Securities Act of 1933 or rules
and regulations thereunder.

Legislative History

Source: L. 90: Entire article R&RE, p. 720, � 1, effective July 1.