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The Legislative Service Commission staff updates the Revised Code on an ongoing basis, as it completes its act review of enacted legislation. Updates may be slower during some times of the year, depending on the volume of enacted legislation.

Section 1707.053 | Offerings-certification from purchasers.

Ohio Revised Code
/
Title 17 Corporations-Partnerships
/
Chapter 1707 Securities
 
Effective:
March 31, 2021
Latest Legislation:
House Bill 312 - 133rd General Assembly
PDF:
Download Authenticated PDF
 

The certification obtained by the portal operator from each prospective purchaser through an OhioInvests portal shall, at a minimum, state the following:

"I UNDERSTAND AND ACKNOWLEDGE THAT:

If I make an investment in an offering through this OhioInvests portal, it is very likely that I am investing in a high-risk, speculative business venture that could result in the complete loss of my investment, and I need to be able to afford such a loss.

This offering has not been reviewed or approved by any state or federal securities commission or division or other regulatory authority and that no such person or authority has confirmed the accuracy or determined the adequacy of any disclosure made to me relating to this offering.

If I make an investment in an offering through this OhioInvests portal, it is very likely that the investment will be difficult to transfer or sell and, accordingly, I may be required to hold the investment indefinitely.

By entering into this transaction with the company, I am affirmatively representing myself as being an Ohio resident at the time that this contract is formed, and if this representation is subsequently shown to be false, the contract is void."

Available Versions of this Section