intrastate offering

Intrastate Offering

In the United States, a securities offering that can only be purchased in the state in which it is being issued. Because the offering does not include more than one state, it does not fall under the jurisdiction of the Securities & Exchange Commission and therefore does not need to be registered with the SEC. The offering does, however, fall under the jurisdiction of state regulators.

Notes:

In order to be exempt from SEC regulations, the offering must meet the following requirements: it must be sold only to residents of the state in which it is issued the issuing company must be registered in the state and the company must do a significant amount of business in the state. Some companies choose this type of issue because it is less expensive than registering with the SEC.

See also: Blue Sky Laws, Over-The-Counter - OTC, Public Offering, Registration, Securities & Exchange Commission - SEC, Securities Act of 1933, Security, State Administrator

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Intrastate offering

A securities offering limited to just one state in the United States.

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intrastate offering

A security offering in which the issue is offered and sold only to persons within the state in which the issuer is incorporated. Intrastate offerings are exempt from registration under the Securities Act of 1933.