2105. OFFERING WITHOUT PROSPECTUS

2105 OFFERING WITHOUT PROSPECTUS 2105.1 If the Board determines that appropriate circumstances exist, it may, by the adoption of an appropriate resolution, authorize the site to be offered other than through a prospectus. 2105.2 The form and content of each offering document issued under this section shall be reviewed and approved by the Board by a duly adopted resolution. 2105.3 The Board's determination that an offering should be made without the issuance of a prospectus shall be based on the following factors: (a) The size of the site to be offered; (b) The use(s) to which the site is to be put; (c) The size and extent of the market for the site; and (d) The existence of exigencies warranting a shorter marketing period. SOURCE: Final Rulemaking published at 29 DCR 5410, 5413 (December 10, 1982).