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LSDefine

Simple English definitions for legal terms

exempt transaction

Read a random definition: landlord's warrant

A quick definition of exempt transaction:

Exempt transaction: A sale that is not subject to certain laws, such as the Securities Act of 1933 or the Securities Exchange Act of 1934.

Simply put, an exempt transaction is a sale that is not regulated by certain laws. These laws are put in place to protect investors and ensure fair trading practices. However, some sales may fall outside the scope of these laws and are therefore exempt from their regulations.

A more thorough explanation:

An exempt transaction refers to a sale that is not subject to certain laws or regulations, such as the Securities Act of 1933 or the Securities Exchange Act of 1934. This means that the transaction is not required to be registered with the Securities and Exchange Commission (SEC) and does not need to comply with certain disclosure requirements.

For example, if a company sells securities to a limited number of accredited investors (such as high net worth individuals or institutional investors), it may be considered an exempt transaction under the Securities Act of 1933. Another example is when a company issues securities to its employees as part of an employee stock option plan, which may be exempt under certain conditions.

Exempt transactions are important because they provide certain exemptions and exceptions to securities laws, which can help companies raise capital more easily and efficiently. However, it is important to note that exempt transactions still need to comply with other laws and regulations, such as anti-fraud provisions.

exempt security | exennium

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General

General chat about the legal profession.
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join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
BulbasaurNoLikeCardio
7:51
@texaslawhopefully: best prices and only fast food that doesn't make me sick
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