CHAPTER 160

FORMERLY

HOUSE BILL NO. 257

AS AMENDED BY HOUSE AMENDMENT NO. 1

AN ACT TO AMEND SECTION 7309, CHAPTER 73, TITLE 6 OF THE DELAWARE CODE RELATING TO THE DELAWARE SECURITIES ACT.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE:

Section 1. Amend §7309(b) (9), Chapter 73, Title 6, Delaware Code, by striking the word "offerings" as it appears in line 9 of subsection (b)(9) and substituting in lieu thereof the word "offerees".

Section 2. Amend §7309(b)(9), Chapter 73, Title 6, Delaware Code, by adding the following: "provided however, the Commissioner may by Rule or Order exempt transactions that are exempt under Federal Securities Laws or Regulations."

Approved July 14, 1981.