Offering Circular – Statement Required in Offering Circulars

Section 1075 Section 1075.2550  Offering Circular – Statement Required in Offering Circulars There shall be set forth on the outside cover page of every offering circular the following statement in capital letters printed in bold-face Roman type at least as large as 10-point modern type and at least 2 points leaded:  "These shares have not been approved or disapproved by the Director of the Division of Banking, nor has the Director passed upon the accuracy or adequacy of this offering circular.  Any representation to the contrary is unlawful."