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      Question

      A prospectus shall not be a valid prospectus if it has

      been issued _____________
      A Within ninety days from the date on which a copy is delivered to the Registrar for filing Correct Answer Incorrect Answer
      B Less than ninety days after the date on which a copy is delivered to the Registrar for filing Correct Answer Incorrect Answer
      C More than ninety days after the date on which a copy is delivered to the Registrar for filing Correct Answer Incorrect Answer
      D By the company after the date on which a copy is delivered to the Registrar for filing Correct Answer Incorrect Answer

      Solution

      More than ninety days after the date on which a copy is delivered to the Registrar for filing, Explanation: Section 26. Matters to be stated in prospectus: (8) No prospectus shall be valid if it is issued more than ninety days after the date on which a copy thereof is delivered to the Registrar.

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