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After a multijurisdictional offering has been declared effective by the SEC, a nonissuer transaction in any class of the issuer's securities is exempt from registration, whether or not the transaction is effected through a broker-dealer.
[Statutory Authority: RCW 21.20.450, [21.20].240. WSR 07-02-071, § 460-11A-050, filed 12/29/06, effective 1/29/07.]