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PRELIMINARY DRAFT 4 [i] (November 26, 1971)

handle is hein.ali/alifs0011 and id is 1 raw text is: THIS DRAFT IS PRIVATE AND CONFIDENTIAL -
PUBLIC DISCLOSURE IS PROHIBITED*
(Not to be sold, offered for sale, or otherwise published)
THE AMERICA14 LAW INSTITUTE

FEDERAL SECURITIES CODE
PRELIMINARY DRAFT NO. 4

Subjects Covered:

PART II.
PART III.
PART IV.
PART V.
PART VI.

DEFINITIONS
EXEMPTIONS
ISSUER REGISTRATION
DISTRIBUTIONS
POSTREGISTRATION PROVISIONS

Submitted to the Consultants and Advisers for the
Federal Securities Code Project
for Discussion at a Meeting on
December 10, 11, and 12, 19971

November 26, 1971

The Executive Office
The American Law Institute
4025 Chestnut Street
Philadelphia, Pa. 19104

*This is a preliminary draft submitted on a private and
confidential basis to a limited group for the sole pur-
pose of study and criticism. It has not been promulgated
or approved by the Council or the members of The American
Law Institute.
As an unpublished document intended for internal use,
this draft should not be generally circulated or dis-
tributed, nor should it be quoted from or cited or its
substance disclosed in any public address or writing.