The following securities are exempt from the requirements of Article 3 of this chapter and Code Section 10-5-53:
History. Code 1981, § 10-5-10 , enacted by Ga. L. 2008, p. 381, § 1/SB 358.
Cross references.
Securities laws exemption for opening and transferring of deposits in building and loan associations and savings and loan associations, § 7-1-787 .
Law reviews.
For article on the definition of a security in light of the “Georgia Securities Act of 1973” and the need for maximizing investor protection, see 30 Emory L.J. 73 (1981).
For comment, the purchase of all the shares of stock of a business is not the purchase of a “Security” within the meaning of the Federal Securities Act of 1933 or the Georgia Securities Act of 1973, see 30 Emory L.J. 1212 (1981).