Rule 506 under Reg D was split into 506(b) and 506(c). Anyone know why they didn't call them 506(a) and 506(b)?
Here's the statute:
In essence, Section 506(a) states that there are certain exemptions that apply if you meet the requirements under Section 506(b) and 506(c). That's the only reason. :)
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Aha, gotcha. Thanks Chris, it's nice to be able to read it.