New Jersey § 49:3-79
Full text of New Jersey New Jersey Statutes § 49:3-79, with citation guidance and answers to common questions.
§ 49:3-79.
a. The bureau shall promulgate a legend that the issuer shall be required to provide
to all prospective investors in exempted securities offered pursuant to paragraph
(14) of subsection (b) of section 3 of P.L.1967, c. 93 ( C.49:3-50 ), informing prospective investors that the securities have not been registered with
the United States Securities and Exchange Commission or the bureau and that the securities
are subject to limitations on resale, along with any other information the bureau
finds relevant to be included in that legend. b. The bureau shall promulgate an investor certification which, prior to the consummation
of a purchase, the investor in the securities shall be required to certify in writing
or electronically that the investor understands: (1) The investment may be a high-risk speculative business venture; (2) The offering has not been reviewed or approved by any State or federal securities
regulatory authority and no person or authority has confirmed the accuracy or determined
the adequacy of disclosures made relating to this offering; (3) The securities are illiquid, there is no ready market for the sale of the securities,
and it may be difficult or impossible to sell or otherwise dispose of the investment; (4) The investor may be subject to tax on the taxable income and losses of the company;
and (5) Any additional information the bureau finds relevant.
Frequently Asked Questions About New Jersey § 49:3-79
What does New Jersey Statutes § 49:3-79 cover?
Section 49:3-79 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 49:3-79?
A common citation format is "New Jersey Statutes § 49:3-79" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 49:3-79 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.